Latest news with #GujaratStateGSTDepartment
Indian Express
8 hours ago
- Indian Express
Gujarat GST detects ‘tax evasion' worth over Rs 45 crore in Central schemes, including MGNREGA, in Dahod and Gir-Somnath
The Gujarat State GST Department on Friday said it has detected tax evasion in a few centrally sponsored schemes, including the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), in Dahod and Gir-Somnath districts of the state. In a statement on Friday, the department said that it had conducted searches on the premises of four taxpayers based in Dahod and Veraval on June 9. These persons, it said, were engaged in executing works under various government schemes, including MGNREGA. During these searches, several irregularities were allegedly detected, such as misclassification of taxable services as exempt, under-reporting of turnover as compared to bank receipts and GST returns filed, and wrongful availment of Input Tax Credit (ITC). The Gujarat GST department said that these findings allegedly 'point to a systematic and deliberate attempt by these four taxpayers to suppress taxable income and manipulate tax liability with the objective of evading taxes and misusing government funds'. Preliminary assessments indicate that the total liability of these four taxpayers, including tax, interest, and penalty, amounts to over Rs 45 crore. Appropriate legal action to secure and realise government revenue is being pursued by the state GST department. Further investigation remains underway.
Time of India
9 hours ago
- Business
- Time of India
State GST dept detects Rs 45cr tax evasion by four contractor firms
Ahmedabad: The Gujarat State GST Department on June 9 carried out searches on four firms located in Dahod and Veraval towns and detected tax evasion to the tune of Rs 45 crore. The infrastructure contractor firms are engaged in executing works under various govt schemes, including centrally-sponsored schemes such as MNREGA, said officials. During the searches, several irregularities were detected, such as the misclassification of taxable services as exempt, under-reporting of turnover, and wrongfully availing input tax credit (ITC). These findings point to a systematic and deliberate attempt by these four taxpayers to suppress taxable income and manipulate tax liability with the objective of evading taxes and misusing govt funds, mentioned a release by the state GST department. Preliminary assessments indicated that the total liability of these four taxpayers, including tax, interest, and penalty, amounts to over Rs 45 crore, said GST officials. Appropriate legal action to secure and realise govt revenue is being pursued by the state GST department, they added.
Indian Express
24-05-2025
- Business
- Indian Express
Tax evasion worth Rs 15 crore by seven manpower supplier firms detected in Gujarat: SGST department
The Gujarat State GST Department, which conducted a series of search operations on May 2 against seven Manpower Service Providers operating in Mehsana, Ahmedabad and Junagadh, found tax evasion to the tune of Rs 15 crore, the department said on Saturday. A statement from the SGST department said, 'During the course of the search proceedings, several serious irregularities were detected. It was found that certain service providers had collected GST from various government departments but had failed to deposit the same into the government treasury. Additionally, taxable services were deliberately misclassified and reported as exempt, to evade legitimate tax liabilities.' The investigations also revealed alleged instances of wrongful claim and utilisation of Input Tax Credit (ITC) as well as suppression of turnover and discrepancies in records, including the maintenance of parallel books of accounts. The estimated tax evasion detected during these operations stands in excess of Rs 15 crore, said the department, adding that this amount is likely to undergo an upward revision as cross-verification of records and financial data remains underway.
