Friday, 29 November 2013

Kolkata MSO’s MD and director arrested for service tax default

Two top officials of Kolkata Cable & Broadband Pariseva Ltd, a city-based multi-system-operator (MSO), were arrested on 28 November by the service tax cell of the Central Revenue Department. 
The officials, managing director Bijoy Kumar Agarwal and director Prasun Kumar Das, are charged for non-payment of service tax to the tune of Rs. 5.52 crore ( Rs. 55.2 million). 

The MSO, with office at 86, Golaghata Road, was not depositing the service tax money, which it was collecting from its subscribers. 
While investigations are still on, both Agarwal and Das were produced at the Alipore Court. 
A cognizable offence, default of service tax is punishable with up to 7 years of imprisonment.


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