An industrialist has been held for failing to deposit service tax collected from his clients to the Government. Vinay Sirsat, MD of Windsor Management Consultants, was arrested on July 5, a Government official told PTI on Saturday. He was produced before a local court, which sent him to judicial custody, the official said. As per rules, if someone collects service tax and doesn’t deposit it to the Government beyond a period of 6 months, which is a cognisable offence and he/she can be held if the amount is more than Rs 2 crore.