Quick Summary
The Special Investigation Branch (SIB) of the Commercial Tax Department has uncovered a massive GST evasion case involving a firm operating in the Ghaziabad industrial area. Acting on specific intelligence inputs, officials raided the premises of the firm, which is engaged in the manufacturing and trading of gear, bearings, gearboxes, machinery parts, tools and environmental equipment. According to Joint Commissioner (SIB) Jaismin Jain, the firm was found guilty of carrying out unauthorised out
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FAQ :
Preliminary findings suggest the firm may have evaded taxes to the tune of Rs 10 crore.
The Special Investigation Branch (SIB) of the Commercial Tax Department uncovered the tax evasion.
The firm is engaged in the manufacturing and trading of gear, bearings, gearboxes, machinery parts, tools, and environmental equipment.
The firm failed to maintain a stock register, could not produce valid e-way bills for goods in transit, and had unauthorised outward supplies.
Evidence indicates the company generated fake invoices and used a network of shell companies to inflate expenses and suppress its actual turnover.
The department is conducting a detailed investigation, legal proceedings are underway, and tax liability and penalties are being assessed.
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