Quick Summary
DGGI refutes multiple speculative media reports in case of M/s Odochem Industries; sets the record straight on facts In the context of ongoing investigations by the Directorate General of GST Intelligence (DGGI) in the case of M/s Odochem Industries, Kannauj- a manufacturer of perfumery compounds - and its proprietor Shri Peeyush Jain, wherein a total cash of Rs. 197.49 crore, 23 kg of gold and offending goods of high value have been recovered so far from two premises, reports have appeared i
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
No, the DGGI has refuted reports claiming they accepted a Rs 52 crore tax settlement from Shri Peeyush Jain. These reports are speculative and without basis.
A total of Rs 197.49 crore in cash, 23 kg of gold, and offending goods of high value have been recovered from two premises.
The total cash seized has been kept as case property in the safe custody of the State Bank of India pending further investigations.
No, no deposit of tax dues has been made by M/s Odochem Industries from the seized money to discharge their tax liabilities, and their liabilities are yet to be determined.
Shri Peeyush Jain was arrested on 26.12.2021 for offences under section 132 of the CGST Act and has been remanded to 14 days judicial custody.
CAclubindia
