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GST evasion scam detected in fabric units in TN's Tirupur English.Lokmat.com

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

Chennai, Sep 15 In a major crackdown on evasion of goods and services tax (GST), officials of Directorate ...
GST evasion scam detected in fabric units in TN's Tirupur

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

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