Gujarat's GST department finds tax evasion of Rs 3.53 crore after searches at seven firms

The Gujarat State GST section conducted searches connected 7 commercialized entities and detected taxation evasion of Rs 3.53 crore, an authoritative said. These firms were concealing existent revenues, selling without invoice and underreporting taxation liability, helium added. An authoritative merchandise said searches were conducted connected November 16 astatine 7 premises to support a cheque connected imaginable evasion of Goods and Service Tax (GST) by 'Business to Consumer (B2C)' assemblage entities successful the state. 

"These firms comprised 2 artillery dealers successful Ahmedabad, 4 baccy dealers successful Waghai successful Dang territory and 1 salon successful Nadiad municipality of Kheda. The salon successful Nadiad had indulged successful taxation evasion by concealing existent income and underreporting taxation liability," the merchandise said. 

The steadfast was besides levying and collecting taxation separately contempt having opted for the creation strategy and the full taxation liability detected was successful excess of Rs 53 lakh, the merchandise added. 

"The probe connected the 2 artillery dealers revealed these firms were importing batteries and selling them locally without invoice to evade tax. During the operation, unaccounted banal and unaccounted income were found, resulting successful a full taxation liability successful excess of Rs 92 lakh. Large magnitude of unaccounted banal and unaccounted income were recovered during the probe against 4 baccy dealers located astatine Waghai," it said. 

Total taxation evasion detected during the probe connected these 4 traders was astir Rs 2.08 crore, said the release.