Jagran correspondent, Kanpur. The investigation team of State Tax Zone-II has detected tax evasion of Rs 10 crore 45 lakh in raids on two firms.
The case of tax evasion has been exposed by the State Tax Department officials in the raid conducted after analyzing the purchase and sale accounting documents of both the firms. The investigation team has seized all the forms of both the firms and goods worth Rs 88 lakh from the chemical firm.
On analyzing the documents related to procurement and sale of goods of a company doing business of chemical trading, the state tax officials found that the sales were declared irregularly by the firm in different types of sales codes.
On the basis of this, recce was conducted at the main business site of the firm and the two declared warehouse sites. It was revealed that the firm was issuing bills on the basis of mixed chemicals to various firms in the district. Receipts related to this are also kept at an additional address from the declared place of business.
During investigation it was revealed that the stock worth Rs 88.00 lakh was more than the stock declared in the books of accounts. This goods has been confiscated. Apart from this, goods worth Rs 4.5 crore were found missing.
On the basis of seized documents and obtained stock, prima facie tax evasion of Rs 10 crore has come to light. Additional Commissioner-2 State Tax Zone-II Kumar Anand said that a detailed investigation is being conducted on the 12 firms to which the trader has supplied goods without invoice.
The second case of tax evasion is of the bus operator company. On data analysis, it was found that the company has received payment of Rs 45 lakh till now in the financial year 2020-21 as bus fare for weddings, picnics, parties, tours etc. but no tax has been paid on the said payment.
This has resulted in tax evasion of Rs 45 lakh. Additional Commissioner Kumar Anand said that the bill issued by the firm to various firms and the details of the amount received have been seized. The documents are being examined.