Ludhiana: Because of the suspicion of the Bogus bill, the State GST Department, Ludhiana, conducted inspections in four companies that become edible oil businesses.
The three companies are located in Ludhiana (two in bathing and one in Sham Nagar) and the fourth is in Khanna.
During the inspection, the department won more than RS 41 lakh cash from two companies along with a large cache of burdensome documents, which assessed for further investigation.
Tejbir Singh Sidhu, Deputy Commissioner of the GST State in Ludhiana, said, “On Tuesday, four inspections were carried out on edible oil companies in connection with previous examinations where we got several fake bills carried out by several companies that were not acceptable.
Credit Taxes to cancel their tax responsibilities.
Three inspections were held in Ludhiana-based companies while the fourth was in Khanna.
So far, the action has resulted in the recovery of cash 41 lakh cash from two companies.
“Hoping to get further prospects, he said, “We will examine the front and rear supply chain to put aside Bogus Billing Nexus and also ensure that legitimate taxes reach the government treasury.
In the case of the amount of tax and punishment involved in any case exceeding more than Rs 5 Crore, the arrest will be made.
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