Quick Summary
The Gujarat State Goods and Services Tax (SGST) Department announced on Tuesday the uncovering of significant tax evasions during raids on 11 coaching institutes. Preliminary investigations revealed tax evasions totalling Rs 7.49 crore, with an estimated total liability amounting to Rs 11.33 crore.
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FAQ :
The Gujarat SGST Department uncovered significant tax evasions totalling an estimated Rs 11.33 crore from 11 coaching institutes.
The raids were conducted on January 2nd across 36 premises linked to coaching centres in multiple locations throughout Gujarat, including Ahmedabad, Surat, and Vadodara.
Irregularities included misclassification of tax rates, wrongful availing of Input Tax Credit (ITC), and unaccounted sales.
Preliminary investigations revealed tax evasions totalling Rs 7.49 crore.
These operations are part of the SGST Department's ongoing efforts to curb tax evasion, ensure GST compliance, safeguard revenue collection, and promote fair business practices.
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