Quick Summary
In a surprise operation, the State GST (SGST) department conducted one of Kerala's largest-ever raids on gold jewellers in Thrissur, seizing 108kg of gold linked to tax evasion. The raid, code-named 'Torre del Oro' after a Spanish monument, involved over 700 officers and targeted 73 locations, inclu
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FAQ :
The State GST department seized 108kg of gold linked to tax evasion.
The raid targeted 73 locations, including godowns, manufacturing units, shops, and residences of 35 jewellers.
The operation was codenamed 'Torre del Oro'.
Four jewellers were immediately fined Rs 5.03 crore for GST evasion.
The association criticised the raid, alleging inflated seizure figures by weighing raw gold forms and claiming registered jewellers were unfairly targeted.
The raid was conducted after seven months of investigation.
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