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| CTD imposes Rs 15.05 lakh penalty for attempt of Tax evasion | | | Srinagar, Aug 1 : Commercial Taxes Department has foiled a major attempt of tax evasion at Lowermunda Checkpost and seized a bulk quantity of Hardware, Water Pumps, sanitary related items and Nails. While giving details Commercial Taxes Officer Checkpost Lowermund, Hamid Ganai said that a vehicle bearing registeration no. JK03D/6685 was intercepted at the checkpost 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 day long 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 toatal 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 checkpost 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. |
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