Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Banking & Finance GST

GST Scam Detected Among Fabric Manufacturers of Tripur

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.

author-image
SMEStreet Edit Desk
16 Sep 2020 00:00 IST
Updated On 16 Sep 2020 04:39 IST

Follow Us

New Update
GST

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.

GST Collection Tripur GST
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!