State Taxes Deptt busted a fake Input Tax Credit case; realizes penalty of Rs11, 18, 068

ANANTNAG : In a major enforcement action, the team from Enforcement South Kashmir of State Tax Department has realized a huge penalty of Rs 11,18,068 from a tax payer carrying rigid tubes, pipes, hoses, and fittings made of propylene polymers in violation of GST regulations.

Acting on specific intelligence input, the enforcement team laid a special Naka and intercepted a vehicle in violation of GST norms by passing fake Input Tax Credit (ITC) without actual movement of goods in which 03 taxpayers were involved.
During investigation it was found that a Delhi based firm generated 02 e-invoices and E-Way bills worth Rs 73,29,554 in favour of two taxpayers but was carrying goods of Rs 36,64,777 only.
The enforcement drive was carried out by team of STOs, Inspectors, Sub-Inspectors and guards led by Anil Kumar Chandail, Deputy Commissioner, Enforcement South Kashmir under the guidance of P.K. Bhat Commissioner, State Taxes, J&K and Pervaiz A Raina Addl Commissioner State Taxes, Kashmir.
Commissioner and Addl Commissioner appreciated the efforts of Team South Kashmir for efficiently handling big cases which will help in tax compliance and in neutralising the nexus of tax evaders using fake ITC.
They emphasized the department’s commitment in fostering a culture of accountability and strict compliance of GST laws & rules.