In a dramatic turn of events, the State Goods and Services Tax (SGST) and Subsidiary Intelligence Bureau (SIB) teams orchestrated a high-stakes raid on Tuesday targeting a prominent builder and developer in Kanpur’s Civil Lines and Barra areas, following allegations of extensive tax evasion.
According to SGST insiders, substantial evidence pointing to large-scale tax evasion was unearthed during the operation. The intensive investigation, stretching late into the night, culminated in the builder conceding and promptly depositing a sum of Rs 1.03 crore.
In a robust display of regulatory enforcement, multiple documents were seized under the directive of Joint Commissioner SIB Shivika Singh. The coordinated raid was executed by Deputy Commissioners SIB Sushma Singh, Vivek Upadhyay, Ramendra Ratnakar, Vijay Singh, and Kaushalendra Singh, who meticulously combed through the builder’s establishments.
Joint Commissioner Shivika Singh elaborated on the findings, stating, “Our scrutiny revealed significant discrepancies in tax declarations. The builder was found accepting advance payments during pre-bookings but had been consistently underreporting tax liabilities over the previous years.” Singh further highlighted the irregularities in tax rates, underscoring the deliberate manipulation detected during the probe.
This operation underscores the SGST’s relentless pursuit of tax compliance, reflecting broader efforts to uphold fiscal integrity and deter fraudulent practices. The implications of this raid echo beyond Kanpur, resonating as a stern warning to entities attempting to circumvent tax laws.
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