Bengaluru South GST Commissionerate has detected GST evasion of about Rs 20.70 crore by a private limited company, engaged in the manufacture of lead-acid batteries. The investigating team found the company, based at Bommasandra/Jigani industrial area, had charged and collected GST from its customers from Feb to May this year but did not remit the same to the government.
“The Company has admitted its lapses of GST liability and the department has recovered a number of Rs 16.47 crore immediately out of the tital liability of Rs 20.70 crore,” G. Narayanaswamy, Commissioner of Central Tax, said in a press release.
Source: Economic Times
We have launched Single Platform on GST Compliances In India, assisting in 4 areas – 1) Compliances, 2) Litigations & Hearings, 3) Training 4) Consultancy. Click this link for any assistance.