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Dec 13, 2017
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Orders on service tax demand to IT firms set aside: Govt
In a relief to IT companies, a Rs 10,000 crore service tax demand notices on dozens of IT companies has been set aside, the government said today.The tax department had slapped service tax demand notices on about 200 information technology and IT-enabled services companies in the country. It had asked them return export benefits claimed between 2012 and 2016 on softwares provided to clients outside India. A day after IT companies raised the issue of tax demand with Finance Minister Arun Jaitley in the customary pre-budget consultations, the finance ministry issued a statement to state that the Commissioner (Appeals) set aside the orders of the lower adjudicating authority.
Source -
https://timesofindia.indiatimes.com
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