Revolutionary Raja Ram for Tax & Economic Reforms
about 1 year ago
Commercial taxes dept cracks down on culprits using GSTINs to evade tax The Karnataka Commercial Taxes department had cracked a tax evasion case where the accused was using two GST Identification Number (GSTINs) to evade tax on money earned through government contracts.
The department suspects that the accused could have evaded taxes to the tune of Rs 2.5 crore. According to a statement by the department, the accused was under-reporting the value of taxable supplies by using 2 GSTINs, out of which one was cancelled in 2019 and another is active.
Based on a tip off, the department conducted a comprehensive probe in Kalaburagi, which unveiled a well-structured scheme devised by entities to evade GST payments.
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