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News Business Central Excise slaps Rs 4.6-cr tax notice on Indian Oil

Central Excise slaps Rs 4.6-cr tax notice on Indian Oil

Mumbai: The Directorate General of Central Excise Intelligence (DGCEI) has issued a show cause-cum-demand notice of over Rs 4.6 crore to the nation's largest oil firm Indian Oil Corporation for not paying service tax under

central excise slaps rs 4.6 cr tax notice on indian oil central excise slaps rs 4.6 cr tax notice on indian oil
PTI May 13, 2014 23:18 IST
Mumbai: The Directorate General of Central Excise Intelligence (DGCEI) has issued a show cause-cum-demand notice of over Rs 4.6 crore to the nation's largest oil firm Indian Oil Corporation for not paying service tax under the head of a ‘goods transport agency'.

“We had issued a notice to IOC last month for tax liability of Rs 4.64 crore and the oil major has to reply by May 24,” said a DGCEI source.




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