GST and tax Department will now work together, keep an eye fixed on those that tamper with returns
It will not be easy to play for evasion in returns filed in GST and tax Department. After the Memorandum of Understanding (MoU) is signed, the 2 departments will now exchange data with one another and it’ll be easily known to which department the businessman gave the figures.
In order to urge a loan from a bank, repeatedly, traders show their stock by increasing their tax returns, while the GST returns are something else. Similarly, sales figures are given to both the departments also inherit play. The tax Department and GST officials invite data from one another once they are caught during a case, but it’s not very easy.
Because of this repeatedly the method becomes very long. Businessmen even go thus far on make two balance sheets. They provide them with their tax and GST. Thanks to no mutual coordination, they’re not caught. Consistent with tax advisor Santosh Kumar Gupta, this may make it easier for the 2 departments to exchange information.
Tax evaders will not be ready to escape thanks to the sharing of data in both the departments. Albeit they create two-two balance sheets and provides it to them, it’ll be captured even after the sharing of both the departments starts. After this both, the departments are going to be ready to take action on them.
GST department officials questioned about 36 industrialists of Batala
High officials of the GST department were present at the Batala GST office throughout the day on Tuesday to research the continued GST scam in Batala. Consistent with sources within the GST department, the team of GST officers who came from Ludhiana called the office of quite 3 dozen industrialists of Batala industry and answered their questions.
At an equivalent time, industrialists also went around the GST office with their lawyers all day. Department officials at an equivalent time refused to divulge anything about the continued action. On the opposite hand, a politician said that summons are being sent to industrialists who have deposited less tax.
According to the knowledge received from the sources, within the GST scam, some industrialists of Batala were walking on the radar of GST department, they need been questioned by high officials of the department by sending summons. The department has arrested an industrialist from Batala from another city within the case. Preparations are being made to crack down on another industrialist of Batala from the department. It had been under this that the high officials of the GST department reached the Batala office.
The GST scam happened three years ago.
It is worth mentioning that three years ago, a case of GST scam of about 36 crores was reported in Batala. Initially, the investigation of the scam was administered rapidly by the GST department, but after a while, the investigation of the scam was slowed. Therefore, the functioning of some higher officials of the GST department was also questioned earlier.
A few days ago, an individual has complained to SSP Batala Opinderjit Singh Ghumman that the owner with whom he wont to work as a car driver 10 years ago. There the owner’s sons have used his documents during a fake way and opened a fake firm and checking account in his name without telling them. This firm has done transactions worth crores of rupees.