High-profile cases in GST evasion

Source: http://www.thehindu.com/todays-paper/tp-national/tp-telangana/high-profile-cases-in-gst-evasion/article23289248.ece     Mar 19, 2018

The Anti-Evasion wing of Hyderabad GST Commissionerate has booked three high profile cases in the last few months, including one against leading Telugu film production unit Sri Venkateswara Creations, for GST evasion. It is one of the big cases booked for GST evasion, after the introduction of GST regime, worth Rs. 8 crore. In this case, the film producer collected dues from the clients, but did not remit the same to the government.

After booking the case, the tax payee shelled out Rs. 6.80 crore so far. Subsequently, many tax payees of the film industry, who were quietly evading tax, filed their returns and an amount of Rs. 40 lakh were realised so far.

Another big catch was a case against Premier People Logistics Solutions Private Limited for evading Rs. 1.60 crore GST on employee transport service being provided to IT companies. On filing of the case, the assessee admitted the offence and paid the entire amount and further verification is in progress.

Tejaswi Jewellers Private Limited, a franchisee of Tanishq Jewellers landed in trouble for evading GST of more than Rs. 1.10 crore. The assessee has sought time till March 25 failing which penal provisions of the law would be enforced.