Indicators on Kanpur builder raided by GST for tax evasion You Should Know
Indicators on Kanpur builder raided by GST for tax evasion You Should Know
Blog Article
GST Intelligence independently raided factory of the pan masala maker and Office environment of the transporter, involved with alleged tax evasion by using phony invoices.
A staff with the Income tax department, Kanpur division, unravelled a nexus where by transactions worthy of quite a few crores had been currently being accomplished from the accounts of junk pickers, rickshaw pullers for GST or cash flow tax evasion.
The Joint Commissioner explained that action was taken after discovering irregularities in tax. “Investigation unveiled that they have been having advance payment from The purchasers during pre-booking, but were depositing a lot less tax within the preceding years,”reported the Joint Commissioner more.
Kanpur businessman Piyush Jain was arrested on fees of tax evasion and brought towards the DGGI deputy director's office in Kanpur on Monday. Here is what we find out about the case to this point.
In accordance with GST department get more info sources, all a few businessmen are linked to Each and every another. pursuing the raid on Shikhar Pan Masala, both merchants experienced grown wary. nonetheless, the cash was seized before currently being disposed of after both businessmen have been raided jointly.
GST authorities, who introduced searches at the Homes linked to the Kanpur-based mostly trader previous Wednesday, claimed to have recovered Rs 177.
The I-T Section raided your home and Business of perfume manufacturer Piyush Jain, whilst the DGGI individually raided the manufacturing unit of the pan masala manufacturer and office of a transporter allegedly involved in evading tax value crores by using faux invoices.
The accused proven a number of companies inside the names of hundreds of junk dealers and rickshaw pullers. These fictitious entities had been utilized to open financial institution accounts applying fabricated addresses.
Kanpur-centered perfume industrialist Piyush Jain arrested above tax evasion charges; to become created in courtroom
Officials who raided a household as part of a swoop on gutka suppliers inside a tax evasion case realised that many of the partitions weren't fairly aligned. in reality, they felt hollow.
Piyush couldn't give any satisfactory response regarding from wherever he acquired The cash. We now have shared info with earnings Tax Section and also other businesses. ED was also supplied a set of documents Within this regard," stated a resource.
Authorities are at this time investigating whether or not these autos have been bought by way of nameless channels or omitted from the corporation’s money information, sources claimed.
officers familiar with the raid say the unaccounted cash recovered from Piyush Jain's home was allegedly linked to the dispatch of products by means of bogus invoices and without the need of e-way payments by a goods transporter.
all over three hundred IT officials carried out the raid, which went on for six times. The development comes after several large transactions made by the accused had been flagged from the IT Section’s synthetic Intelligence program.
Report this page