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This is an archive article published on December 21, 2008

Complaint against three traders for Rs 60-lakh VAT evasion

A Junagadh Commercial Tax official has unearthed Rs 60-lakh tax evasion scam and has lodged a police complaint against three traders in this connection on Saturday.

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A Junagadh Commercial Tax VAT official has unearthed Rs 60-lakh tax evasion scam and has lodged a police complaint against three traders in this connection on Saturday.

According to the complaint by G B Vala, Manoj Sawalani, Bharat Abhani, and Sanjay Vyas had established a firm by the name Jain Enterprise and had commenced a fake trading exercise by issuing bogus bills. In a bid to siphon VAT tax, the three issued a numbers of bills on bogus names and that too without any actual sale of the materials.

By exercising these corrupt practices, the trio siphoned VAT worth rupees 60,390,255, which is liable to be deposited with the VAT office.

On the basis of the complaint, the police have now registered a case against the three under various sections of the Indian Penal Code and the Gujarat VAT rule-2003.

No arrests have, however, been made so far.

Investigating Officer, Sub-Inspector A J Jadeja said: 8220;Investigation is under progress. After collecting the proof and evidence in this regard, arrests will be made.8221;

 

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