Thinkfest: Revenue Department looking into tax payment by event management company

THiNK FestTHiNK Fest is organised by an entity called Thinkworks Pvt Ltd, which is entirely owned by Tejpal, his sister Neena Tejpal and Shoma Chaudhary. (IE Photo)

The Central revenue department is inquiring into the payment of service tax by the event management firm which had organised the controversial Thinkfest on behalf of the Tehelka magazine.

"We are looking into service tax payment by the event management company," said a senior functionary of the Central Excise and Service Tax Department.

The official said the event management company, which had organised the Thinkfest, was required to pay the service tax as such services attract the levy.

The officials, he added, had been asked to ascertain the quantum of the levy which had to be paid every month. Delhi-based Tehelka had organised the three-day Thinkfest earlier this month, during which its editor Tarun Tejpal allegedly sexually assaulted a woman journalist of his magazine in a hotel lift.

The Thinkfest, organised from November 8-10, was attended by various international and national dignitaries, including a Union Minister.

The Revenue official further said most of the event management companies are based in Mumbai. The department would try to ascertain if taxes due to the exchequer were paid in time. According to the official, the event management companies engaged in organising the International Film Festival in Goa would also be required to pay service tax.

He said the some issues regarding the payment of the service tax for the last year's film festival too were pending and the department was trying to sort them out.

Answering questions on the response of the service tax amnesty scheme, he said that it had remained lukewarm but efforts were being made to collect as much as possible. The official further said that some of the assesses wanted that they should be given more time to pay the service tax as they were facing financial hardship because of ban on mining activities by the Supreme Court.

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