GST Intelligence raid: Tax evasion of over Rs 1000 crores detected at jewellery stores in Kerala Details hereunder: 🢂The raid was conducted on 26 May 2023 by the GST Intelligence wing of the Central Board of Excise and Customs (CBEC).

🢂The raid was conducted at 33 jewellery stores in the districts of Thrissur, Malappuram, Palakkad, Kannur, and Kozhikode. 🢂The GST Intelligence wing found that the jewellery stores had been evading taxes by not declaring their true sales turnover.

🢂The GST Intelligence wing also found that the jewellery stores had been using fake invoices and other documents to evade taxes. 🢂The GST Intelligence wing has estimated that the total amount of tax evasion by the jewellery stores is over Rs 1000 crores.

🢂The GST Intelligence wing has seized incriminating documents and evidence from the jewellery stores. 🢂The GST Intelligence wing has filed a case against the jewellery stores under the GST Act.

🢂The GST Intelligence raid is a major crackdown on tax evasion in the jewellery industry in Kerala. The raid is likely to send a strong message to other jewellery stores that are evading taxes.

Some of the key findings of the GST Intelligence raid: 🢂The jewellery stores were not declaring their true sales turnover 🢂The jewellery stores were using fake invoices and other documents to evade taxes 🢂The jewellery stores were using special software to evade taxes

🢂The total amount of tax evasion by the jewellery stores is over Rs 1000 crores 🢂The GST Intelligence raid is a major development in the fight against tax evasion in India

The raid is likely to have a significant impact on the jewellery industry in Kerala and across the country