CTD imposes Rs 15.05 Lacs penalty for attempt of Tax evasion

KL Report

SRINAGAR

Commercial Taxes Department has foiled a major attempt of tax evasion at Lower Munda Check Post and seized a bulk quantity of Hardware, Water Pumps, sanitary related items and Nails.

According to KNS correspondent, while giving details Commercial Taxes Officer Check Post Lower Munda, Hamid Ganai said that a vehicle bearing registration no. JK03D/6685 was intercepted at the check post and was put under thorough physical inspection. After the physical check it was established that the dealer the transporter namely M/S Papu Choudary Transport Co. Delhi in nexus with dealer has hidden a bulk quantity of Hardware and other Sanitary related items under the MS Pipes and goods are without any document. The goods were supplied by a Delhi based dealers M/S A-Star & M/S H.B. Traders and were consigned to M/S Rather Steel & Iron Industry Kulgam. After a daylong physical check of vehicle huge quantity of excess goods were found in the vehicle which were neither supported by any document nor declared by dealer at ist. Entry point, Ganai said. He said the goods along with vehicle was seized under section 67(5), 67(10) & 67(9)a of J&K VAT Act 2005. The market value of the goods was about 14 Lacs and today we also imposed the total penalty of RS. 1505025/- against dealer & transporter/ driver and the full amount of penalty was recovered from the erring tax evaders. He said every effort is being made at this check post to check and monitor the habitual tax evaders. He warned that whosoever will violate the law and will attempt for any tax evasion, he will be dealt with iron hands.

LEAVE A REPLY

Please enter your comment!
Please enter your name here