National Chronicle

GST evasion scam detected in fabric units in Tamil Nadu’s Tirupur

GST evasion scam

Chennai: In a major crackdown on evasion of goods and services tax (GST), officials of Directorate General of GST Intelligence, Coimbatore detected sales of goods amounting to Rs 40-45 crore without bills by two knitted fabric makers in Tamil Nadu’s Tirupur.

In a statement issued here on Tuesday, GST officials said searches were carried out at the business and warehouse premises of the manufacturers and unaccounted stock of knitted fabrics valued at Rs 2.70 crores (approximately) were also detected and seized.

Two of the warehouses were not declared to the GST Department.

Incriminating documents evidencing evasion of GST since the inception of GST have been recovered.

An amount of Rs 2.2 crore has been recovered towards past GST liabilities.

Further investigation is in progress, the statement said.

Related posts

Petrol-diesel blows senses as BJP loses Delhi elections, know what has happened now

NC Desk

Market update: Sensex flat in early trade, oil companies up

NC Desk

US stocks rise as tech sector leads


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More