Home GST GST Evasion of Rs.100 Crore via fake E-way bills; IT Department raided 16 places last year

GST Evasion of Rs.100 Crore via fake E-way bills; IT Department raided 16 places last year

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GST Evasion of Rs.100 Crore via fake E-way bills; IT Department raided 16 places last year

Tax Evasion: GST Evasion of Rs.100 Crore by way of pretend E-way payments; IT Division raided 16 locations final 12 months

The Accused, Qamar Ahmed Kazmi, was introduced in courtroom and from the place he was despatched to jail within the case of GST evasion of greater than Rs.100 crore by means of a fraudulent e-way invoice in Meerut.

STF officers had already approached the DC (SIB) State Tax Division Ghaziabad to get this info. He said in on-line paperwork from his departmental web site that Paragon Aluminum has an outdoor provide of Rs.296.38 crore in 2022-23.

This resulted in a money deposit of Rs.3.14 crore and an ITC adjustment of Rs.50.24 crore. The company solely paid one p.c in taxes.

The corporations from which this agency confirmed provides weren’t real however have been merely pretend payments of alternate. Autos used for transportation are depicted on the e-way invoice. There is no such thing as a knowledge accessible from any toll on the transportation of cars.

From 2017-18 to 2022-23, ITC price greater than Rs.4.28 crore was claimed. Following the portal’s introduction of the e-way invoice system in 2018-19, e-way payments price greater than Rs.17.33 crore have been cancelled until Might 2023. Throughout interrogation, Kazmi was unable to elucidate why.

Final 12 months Revenue Tax Division raided 16 areas

Scrap can be imported from Gulf nations for use in Qamar Athar Kazmi’s corporations to create aluminium merchandise. The corporate’s homeowners maintain giant properties on Hapur Street, together with Khadauli and Partapur Kashi. On the Roorkee Bhagwanpur and Meerut Hapur Street, there’s a glass plant. Sahibabad has an aluminium manufacturing unit.

Gurugram, Delhi, Saharanpur, Noida, and Pusa, Delhi have places of work. He was ready to open a manufacturing unit in Dubai final 12 months. They arrive on the radar of the Revenue Tax Division after getting details about this.

The Revenue Tax Division investigated 16 areas related to Paragon and GoodX Glass Industries final 12 months. Account and property information, primarily from the glass and aluminium sectors, have been examined. All through the day, the crew assessed taxes totalling greater than Rs.100 crore, in accordance with the departmental officer.

Paperwork associated to many accounts and properties have been collected. The payments of buy and sale of things associated to aluminium, glass and scrap have been examined.

Large Recreation occurred in Demonetization

In response to Revenue Tax sources, Kazmi performed a major function in exchanging notes throughout demonetization and a criticism about it was forwarded to the division. Rather than Rs.50 lakh, an entry of Rs.40 lakh was proven. There have been further irregularities found within the methods by means of which cash entered the accounts.

For 3 years, the division inspected the main points of revenue and expenditure.

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