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Bhopal:
Week-long searches by the central GST intelligence staff or DGGI on the premises of a high cement producer and associated sellers in Madhya Pradesh and Uttar Pradesh have led to detection of Rs 17.2 crore of products and companies tax (GST) evasion. While one of many administrators of the cement main has been arrested, one other director is on the run.
According to sources on the DGGI – the enforcement arm of the Central Board of Indirect Taxes and Customs or CBIC – the a number of searches had been performed from August 5 to 11 at premises belonging to the cement producer positioned at Maihar, Satna and their registered sellers and distributors. One of the administrators produced a medical opinion relating to COVID-19 signs, signed by the chief medical well being officer, however he later made a run.
Searches have indicated that substantial portions of cement and clinker had been provided secretly with out paying GST in Madhya Pradesh and UP. It was additionally discovered that greater than 4 lakh tonnes of limestone had been purchased in extra of what has been declared within the data of the corporate from January to July this 12 months.
The DGGI staff recovered money transaction from the non-public data of firm officers revealing unaccounted credit score of greater than Rs 7.5 crore for just a few months in 2018.
The GST implication on these transactions is estimated to be about Rs 2.1 crore. Unaccounted money of Rs 52.39 lakh was additionally discovered throughout the searches.
This was the third main search operation by the DGGI in Madhya Pradesh just lately, after related searches on the premises of a media baron and chewing tobacco dealer Kishore Wadhwani, accused of tax evasion to the tune of Rs 400 crore.
The DGGI stated that in transit remand course of at a Mumbai court docket, the accused Wadhwani stated he had coronavirus. Later, he examined destructive.
GST intelligence officers have arrested the CEO of SOM distillery in reference to alleged tax evasion of Rs 30 crore. The promoters Jagdish Arora and Ajay Arora had been interrogated for over 28 hours earlier than their arrest. Then they complained of well being points and had been admitted to the intensive care unit of JP Hospital. They had been taken to court docket after docs declared that their well being was effective.
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