Action on three companies of central GST, evasion of quite one crore

GST Raid In Chhattisgarh: Raipur. The Central GST team has taken action on three companies of Bilaspur and Durg. During this action, evasion of quite one crore has been detected by these companies. Top officials of Central GST said that the liquor company Bhatia Group and the Welcome Group of Bilaspur were processed. At an equivalent time, Bhilai’s steel business Royal Group was also attacked. So far, evasion of Rs 1.25 crore has been caught within the investigation of the three companies. Investigations associated with the business of the businesses are still ongoing.

On Friday, special teams of the tax Department suddenly hit three institutions. This action continued until late at night. After this action, officials said that liquor traders collected less GST. Traders were required to deposit GST at the speed of 18 percent, but only 12 percent GST.

Along with this, the stock of steel traders possesses less. It’s been told that the stock of the businessman possesses, but 90 lakh to at least one crore rupees. The GST team is additionally investigating the matter further. Consistent with officials, the quantity of evasion can increase even more.

Several cases of GST theft are reported within the state within the past. In contrast, the state has set a record of 21 percent growth in GST collections within the month of June this year. Alongside departmental actions, there has also been an environment of fear among tax-evading traders and lots of people are paying taxes spontaneously. These thefts must give all answer all questions which will be asked by the govt and a strict action are going to be taken against those culprits. A special team of tax will be getting to look all loopholes so, that this stuff won’t happen again in the future.