City
Epaper

GST evasion scam detected in fabric units in TN's Tirupur

By IANS | Updated: September 15, 2020 21:20 IST

Chennai, Sep 15 In a major crackdown on evasion of goods and services tax (GST), officials of Directorate ...

Open in App

Chennai, Sep 15 In a major crackdown on evasion of goods and services tax (GST), officials of Directorate General of GST Intelligence, Coimbatore detected sales of goods amounting to Rs 40-45 crore without bills by two knitted fabric makers in Tamil Nadu's Tirupur.

In a statement issued here on Tuesday, GST officials said searches were carried out at the business and warehouse premises of the manufacturers and unaccounted stock of knitted fabrics valued at Rs 2.70 crores (approximately) were also detected and seized.

Two of the warehouses were not declared to the GST Department.

Incriminating documents evidencing evasion of GST since the inception of GST have been recovered.

An amount of Rs 2.2 crore has been recovered towards past GST liabilities.

Further investigation is in progress, the statement said.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Directorate General of GST IntelligenceGST
Open in App

Related Stories

BusinessUPI Transactions Above Rs 2,000 Remain GST-Free Due to Zero MDR Charges

MumbaiMaharashtra GST Scam: State Duped of Rs 4.69 Crore Using Bogus Documents; Tax Officer Under Scrutiny

National18% GST Applicable on Monthly Flat Maintenance If Charges Exceed ₹7,500

BusinessHow To Register Your Business Under GST?

NationalFake GST Summons: CBIC cautions Taxpayers against fraudsters issuing fraudulent Summons for GST violations

Business Realted Stories

BusinessAdani Total Gas clocks 15 pc operational revenue growth in Q4, volume up 13 pc

BusinessIndian-origin Youth MP Aryaveer Baljee Joins Hands with MW Eat to Create Sustainable Source of Food Banks

BusinessAhuja Residences Launches 'Ahuja Residency Sage' - A Chic New Boutique Hotel in Malviya Nagar, New Delhi

BusinessKPG Spices Targets Rs. 100 Cr. Revenue for FY 2025-26

BusinessMMTC-PAMP Unveils the Laddoo Gopal 50 gm Silver Bar; A Symbol of Devotion and Purity