Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Katrina Kaif gets relief in Rs 2.79-crore service tax case

Jan 24 2013, 17:32 IST
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Katrina Kaif (AP) Katrina Kaif (AP)
SummaryTribunal has ruled that liability has been discharged by Katrina Kaif's agent for modelling assignments she has done.

Bollywood actress Katrina Kaif has got relief in the Rs 2.79-crore service tax case as a tribunal has ruled that this liability has been discharged by her agent for the the modelling assignments she has done.

"In this case, appellant (Katrina) has appointed Matrix as her agent to discharge her service tax liability on her behalf and the same has been discharged by Matrix," said a recent ruling by the Mumbai bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT).

The ruling follows an appeal by Katrina R Turcotte (Katrina Kaif) against an order of the Service Tax Commissioner asking her to clear service tax liability of Rs 2.79 crore under the head classified as 'Business Auxiliary Service'. The amount included an interest and penalty of Rs 33.68 lakh.

The service tax department had slapped the duty on her for providing services to various companies for promoting products through modelling assignments through advertisement films, TV commercials and still photography.

Katrina's lawyers said that she had discharged the service tax liability through her agent Matrix India Entertainment Consultants.

The revenue department, however, contended that the tax liability was discharged under 'Advertisement Agency Service' head and not under 'Business Auxiliary Service' category and hence Katrina was liable to pay the service tax.

The tribunal ruled that "by mere paying the service tax liability under wrong head does not meant that service tax liability has not been discharged.... We hold that the appellant has discharged the service tax liability through her agent...."

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