 "NRN Murthy’s Cloudtail gets tax notice of Rs 54.5 crore, says report")
Cloudtail — a joint venture between ecommerce giant Amazon and Infosys co-founder NRN Murthy’s Catamaran Ventures — has been slapped with a service tax demand of Rs 54.5 crore.
According to a report in The Guardian, the company has received a showcause notice from the Directorate General of Goods and Service Tax Intelligence amounting to Rs 54.5 crore, along with interest and penalties, for service tax-related matters.
The report does not mention the exact detail of the tax dispute. “Cloudtail has disputed the service tax claim by the authorities and the matter is before the adjudicating authorities. Cloudtail
According to a report in The Guardian, the company has received a showcause notice from the Directorate General of Goods and Service Tax Intelligence amounting to Rs 54.5 crore, along with interest and penalties, for service tax-related matters.
The report does not mention the exact detail of the tax dispute. “Cloudtail has disputed the service tax claim by the authorities and the matter is before the adjudicating authorities. Cloudtail
