Everyone knew that Tulip Telecom was facing financial problems. However, no one imagined that its chairman and managing director Lt. Col (Retd) H.S. Bedi would be arrested for service tax evasion.
 
A case has been registered against Tulip Telecom Ltd for non-payment of service tax. The estimated alleged service tax evasion by the company is Rs 32.16 crore.
 
Investigations by Delhi Service Tax Commissionerate found that the firm, which is engaged in providing Internet services among others, was not filing its mandatory returns of the central levy from 2012-13, they said.

                                 
 
Service Tax Commissionerate officials arrested Bedi on charges of non-payment of tax even after collecting it from its consumers. He is in judicial custody for 14-days.
 
An evasion of service tax of Rs 50 lakh and above has been made a cognizable offence after the passage of 2013-14 Finance Bill on May 10 last year.