Surprise inspection detects evasion of taxes

Excelsior Correspondent

JAMMU, Mar 29: The State Taxes Department, Jammu, conducted surprise inspection of M/s Aum Trading Co, Muthi, Jammu as well as Jai Durga Trading Co Muthi, Jammu and detected huge evasion of taxes by both the firms.
On the direction of P K Bhat, Commissioner, State Taxes, J&K, a high level team visited the premises of both the firms and conducted physical inspection. While conducting inspection it was noticed that huge sales had been suppressed by the dealers.
Subsequently, all the records of the firms were seized by the inspection team. On scrutiny of the record of M/s Aum Trading Co, it was found that concerned had made a total sale of Rs four crores fourteen lakh and fifteen thousands during the current financial year attracting total tax of Rs 58 lakhs and 89 thousands. Out of the total tax amount, the concerned had deposited Rs 23 lakhs only till February, 2019 thus evading tax amount of Rs 35 lakh and 86 thousands.
The department has started the process of issuing demand notice under the relevant process of GST Law, 2017, against the evader. The total tax and penalty recoverable from the dealer under the GST Law shall be Rs 71,73,000.
Meanwhile, the records of M/s Durga Trading Co were also being scrutinized vis-à-vis the sales shown by the concerned in his GST return. Huge variation was noticed in his case as well. The figures are being calculated and all necessary action under law shall be taken against said firm also.
The inspection team conducted whole exercise under the supervision and direction of Mohammad Shahid Saleem, Additional Commissioner, State Taxes (Adm & Enf ), Jammu. The team comprised of Naresh Koul, Ashwani, STOs and Inspectors including Sonia Singh, Waseem, Sukrit, Anmol, Rohit, Abhishek, Raj Martand, Paramjeet Singh, Jagandeep and Manpreet.