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Bengaluru entrepreneur held for GST evasion

Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Jul 8: An entrepreneur from the city stands arrested for evading payment of Goods and Services Tax (GST) to the extent of Rs 15 crore. As far as Karnataka is concerned, this happens to be the first ever arrest under GST provisions.

Officials of GST commissionerate, city south zone, conducted the raid and arrested the entrepreneur on Friday. He happens to be the managing director of an automobile industry operating at Bommasandra here. On being produced before the magistrate, he was released upon execution of a bond pledging to make payment of the entire due under GST within two weeks.

The central board of taxes has been monitoring payment of GST since its implementation a year back. After finding that an automobile industry had huge tax dues, the officials had begun to closely monitor the turnover, tax collection, payment etc. Since GST was implemented, the authorities have been monitoring payment of GST and paying more attention to those cases where dues are huge. Top officials in the department said that they continue to keep a watch on GST payment and will take strong steps for recovery wherever the concerned default in making payment.

G Narayanaswamy, commissioner of central taxes, said that the prevention unit of the city south commissionerate had arrested managing director of an automobile unit for tax evasion and that he has confessed to have committed this mistake. He said that further action is being taken in this direction.

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Comment on this article

  • Lionel Dsouza, Mangalore

    Mon, Jul 9 2018


    DisAgree Agree Reply Report Abuse

  • Monu, Mangalore

    Sun, Jul 8 2018

    Only dishonest people have complaints about GST.
    Rest of them managed to understand the system and are following it.

    DisAgree [5] Agree [9] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Jul 8 2018

    What is the Guarantee that this money will not back to Nirav Modi & Mehul Chokshi ...

    DisAgree [12] Agree [17] Reply Report Abuse

  • NFS Rodrigues, Mangalore/Bangalore

    Sun, Jul 8 2018

    Sir, Kindly verify the guarantee that applied for VAT during the previous regime is still valid.

    DisAgree [3] Agree [3] Reply Report Abuse

  • Prasanna, Bajpe/Mangalore

    Sun, Jul 8 2018

    May be He thought it is Gabbar Singh Tax.

    DisAgree [2] Agree [24] Reply Report Abuse

  • Fayaz, Mangalore /Dubai

    Sun, Jul 8 2018

    He thought it's going to amith shah sons account so he became rich millionaire
    In few months

    DisAgree [5] Agree [20] Reply Report Abuse

  • Fayaz, Mangalore /Dubai

    Sun, Jul 8 2018

    Whats the use of paying tax were is development
    we can see development only in feku using this money for his foreign tours
    In suit boot
    And amith shah son became millionaire in few months
    Other all mitron it's fek by world famous feku

    DisAgree [5] Agree [22] Reply Report Abuse

  • Indian, Kudla

    Sun, Jul 8 2018

    my dear...... BJP is there only from last 4 yrs.....what have fake Gandhis done with our tax money for 70 yrs ????

    DisAgree [17] Agree [12] Reply Report Abuse

  • H. Siddhanti, Udupi/Washington DC

    Sun, Jul 8 2018

    Just open your eyes. All the development, space program, green and white revolutions, industrialization and development in education and research are from the vision of the great visionaries from Congress. What is the contribution from the new govt. except gubbar Singh tax?

    DisAgree [2] Agree [11] Report Abuse

  • Chandu, Karkala

    Sun, Jul 8 2018

    @Indian, Kudla
    It looks like you are from outer space , otherwise you wouldn't be asking what has been done in the past 70 years.
    Our Defence Forces, Railways, Airports, Sea Ports, Roads, IIM's, IIT's , IISc, Universities, AIIMS, Dams, Power / Nuclear Stations, ISRO and Space Programs, Banks & Financial Systems, all Public Sector Undertakings, Agricultural / Dairy Revolutions, etc., all of these were dropped from the sky above on 26th May 2014. , soon after BJP took power at the Centre.

    DisAgree [1] Agree [12] Report Abuse

  • NN, NN

    Mon, Jul 9 2018

    What Congress has done for 70 years?

    For me, the Land Reforms Act that Indira Gandhi introduced made me filthy rich today. Our ancestral properties were confiscated by Tippu and after his death my forefathers were working as agricultural laborers. Finally, the justice is done to us through LRA.

    Quite a few members of my family were employed in Nationalized banks and they have retired now as DGM, AGM etc., getting hefty pension and leading a comfortable retirement life.

    DisAgree Agree [1] Report Abuse

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