The tax-evasion of a few lakh rupees is certainly going to cost dear to companies, whose stocks loaded in almost 80 trucks, was confiscated by the mobile wing of the state GST Department.
While trying to evade 18 per cent Goods and Services Tax (GST), now these companies without bills and documents will shell out 18 per cent state GST, 18 per cent Central GST and 100 per cent penalty.
A highly placed source in the department, wishing not to be quoted, said it was too early to say anything about penalties right now as assessment of everything was going on.
“But, the department is going to get whopping amount of GST from these tax evaders. Loud and clear message has been conveyed to those evading taxes that they will not be spared,” said the official.
Since these trucks have been confiscated from various parts of Punjab, the consignee will have to face maximum music.
Maximum of these companies are in Mandi Gobindgarh. A few companies, whose goods have been confiscated, include Shri NR Steel Trading, Shiva Casting Private Limited, Jai Ambey Alloys, Steeltech Alloys Private Limited Ludhiana, Taksus Steels, Shyam Traders and others. Many of these trucks loaded with iron scrap are without bills and relevant documents.
The official informed, ”The scrap has come from outside state too. We are certainly going to impose maximum penalty on the receiver, who got stocks without bills.”
These raids were conducted by the department on Monday night in which loaded vehicles were detained. There are some trucks, whose drivers ran away, but now these vehicles are in the custody of the department.
Under the campaign, “No tolerance against tax evasion drive”, Taxation Commissioner Nilkanth S Avhad and Additional Commissioner Showkat Ahmed Parray had issued orders to launch a drive, which began under Director (Investigation) HPS Ghotra, along with heavy police force and teams of officials.
Eighty trucks of iron scrap (mostly) were confiscated by the department from various roads adjoining Ludhiana, Mandi Gobindgarh and other places. There is huge demand of iron scrap in the industry.