21 bogus firms identified

Tribune News Service

Panipat, January 5

Teams of the state Excise and Taxation Department on Saturday identified 21 bogus firms in Panipat that have defrauded the state exchequer of Rs 49 crore by claiming input tax credit by showing bogus sales of Rs 470 crore without paying Goods and Services Tax (GST).

They recommended registration of a case against the firms and also blocked tax refund amounting to Rs14 crore under the GST Act.

According to sources, the identified bogus firms that issued fake bills without any actual sale or purchase of goods are: Super Trading Company, Aman Enterprises, Ashoka Traders, RK Traders, Abhishek Enterprises, M/S Hanuman Enterprises, VL Enterprises, Mahadev Enterprises, Milan Mega Mart Private Limited, JR Trading Company, Kunal Trading Company, Shree Sai Overseas, Shree Balaji Overseas, Kumar Enterprises, Dev Traders, Saksham Enterprises, Zensar Enterprises, Dhan Lakshmi Trading Company, Vee Vee Trading Company, Shyam Trading Company and Vinayak Industries.

Raja Ram Nain, Deputy Excise and Taxation Commissioner (Sales), and Deputy Commissioner State Tax (GST), said, “We have been working to identifies bogus firms and tax evasion for the past two months”.

Two firms were registered in the name of vegetable sellers Subhash Gulati and his son-in-law of Karnal and they father and his son-in-law disclosed that some person had taken their documents for loan, Nain said.