• I Paid A Bribe
  • 8 years ago

Internal audit

Reported on May 29, 2014 from Pondicherry , Pondicherry  ι Report #41197

As usual the Internal audit team couldn't find anything to charge to tax. So they cooked up a liability out of payments made from 2007 under a notification effective from July 2012 (Reverse charge mechanism under service tax, one of those most perverse provisions of tax helpfully added by brilliant former FM PC to our already a cumbersome tax laws to help the taxman make some income on the side) They wanted 50k (because it was what they charged companies they audited) when even the cooked up liability worked out to only 38k. Paid 10k to get rid of the goons.

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