All posts tagged: probe against makemytrip

MakeMyTrip under probe for alleged service tax evasion of Rs 75 crore

MakeMyTrip Under Investigation in India for Tax Evasion of 75 crore INR

The Directorate General of Central Excise Intelligence has registered a case against MakeMyTrip for allegedly not depositing service tax it collected from customers, news outlets reported. The Directorate General of Central Excise Intelligence (DGCEI) has registered a case against the online travel giant MakeMyTrip for allegedly not depositing service tax which it had collected from the customers, official sources said. “At MakeMyTrip, we strongly believe in an ethical, transparent and compliant corporate culture and abide by all laws and regulations of the country. The service tax case in question is potentially an industry issue that can impact all Online Travel Agents (OTAs).   “We have a strong case as advised by our tax advisors and therefore will be contesting the matter with the appropriate authorities. We are extending our full cooperation to the authorities in the investigation. Further, the company official who was detained by the authorities has already been released,” the spokesperson said.   Service tax is charged at the rate of 14.5 per cent (including 0.5 per cent of Swachh Bharat Cess).   The …