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Airtel brings service tax operations under one roof (Lead)
Telecom service provider Bharti Airtel Friday launched a centre where functions relating to human resource, supply chain, finance and service taxes would be undertaken under one roof.
The unit, Centre for Shared Services for Taxation, was inaugurated by Central Board of Excise and Customs chairman V. Sridhar.
"The shared services initiative is part of an overall transformation programme undertaken by us to improve the efficiency, speed and quality of service," said Bharti Airtel chief executive and joint managing director Manoj Kohli.
"The shared services will deliver all taxation compliances, and also prepare the company for the new GST (goods and services tax) regime which is expected in 2010," Kohli added.
Airtel also said its contribution to the exchequer on account of service tax was Rs.4,108 crore in 2008-09.
Last updated on Nov 6th, 2009 at 21:30 pm IST--IANS
Possibly related news:
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- Service exports recovery likely by year-end: FICCI (Nov 1)
- Direct tax collection up 3.9 percent (Nov 5)
- Airtel launches one second pulse plan (Oct 30)
- Nobody above law, says Mukherjee on Madhu Koda (Nov 3)
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With anti-terror operations increasingly focusing on the financing of terrorists, the government Tuesday said it has set up the Financial Intelligence Unit to keep track of suspicious bank transactions and pass on such information to law enforcement agencies.
Superstar Shah Rukh Khan Tuesday urged Indian filmmakers "to learn from Hollywood" and offered a three-point prescription which could help the globalization of Bollywood movies.
ArcelorMittal, the world's largest steel maker, Tuesday said it has joined hands with Dayen of Turkey to set up a steel mill in Iraq at an investment of $130 million.
The Kerala-based South Indian Bank (SIB) Tuesday said it is targeting a business turnover of Rs.48,000 crore in the next financial year.
A benchmark index for Indian equities Friday closed over 218 points up with index heavyweight Reliance Industries contributing to most of the gains.
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