Fastway in Rs 2,800-cr tax evasion, says AAP, cable firm ‘ready for probe’
The Aam Aadmi Party (AAP) on Wednesday accused cable-television company Fastway Transmissions of evading Rs 2,800-crore tax and demanded that the Central Bureau of Investigation (CBI) be asked to look into it.punjab Updated: May 18, 2016 21:55 IST
The Aam Aadmi Party (AAP) on Wednesday accused cable-television company Fastway Transmissions of evading Rs 2,800-crore tax and demanded that the Central Bureau of Investigation (CBI) be asked to look into it.
Punjab AAP spokesman Sukhpal Singh Khaira and senior leader Kanwar Sandhu said the cable-TV business of Punjab, Chandigarh, Himachal Pradesh and parts of Haryana was under the monopolistic control of Fastway since the year 2008-09 and the actual tax due could be to up to Rs 5,000 crore. Responding to the allegations, a company representative said the AAP was seeking cheap publicity and Fastway was ready for any independent audit.
Khaira said the AAP would write to Union finance minister Arun Jaitley to set the economics offences wing of the CBI after company’s managing director Gurdeep Singh Jujhar. “In Punjab alone, the evasion is more than Rs 800 crore of service tax, Rs 1,850 crore of income tax, and Rs 82 crore of entertainment tax. Besides, Punjab State Power Corporation Limited (PSPCL) hasn’t claimed Rs 100 a year for each electricity pole used, and that evasion comes to Rs 26 crore,” said Sandhu.
Company’s chartered accountant Rajesh Mehru said Sandhu had a personal grudge against the company. “He had come to Fastway office and apologised to Gurdeep Singh for his wrongdoings of the past,” claimed Mehru, adding: “Fastway has always paid all its taxes on time and come out clean in multiple audits, the reports of which are in public domain.”