Evasion of tax worth Rs 20 crore, 13 firms booked
RAIPUR: Chhattisgarh commercial tax department has registered a FIR against 10 firms on Friday for allegedly evading tax worth crores of rupees by using bogus bills.
The FIR against the firms based in Raipur, Durg and Bilaspur comes a day after the registration of similar cases against three other firms.
The tax department is reportedly looking into affairs of 32 firms, which were allegedly involved in the Rs 20 crore tax evasion scam by issuing bogus bills to the tune of Rs 400 crore.
Talking to TOI, commercial tax secretary RS Vishwakarma said the firms had produced bogus bills for furnace oil, coal and iron trade. He said the tax-payer identification number (TIN) of these firms has been cancelled.
Vishwakarma said the software wing of the department recently detected discrepancies in the billing procedures of 32 companies, as bills were being issued without any transfer of goods. He said this allowed the purchasing dealers to claim the input tax credit, which led to evasion of Rs 20 crore.
Most of these firms were in fact bogus, Vishwakarma added. He said that they would now have to pay 5% of tax on these bills. The 10 firms have issued bogus bills worth Rs 111 crore.
Giving the breakup of the billing fraud, Vishwakarma said the Raipur based firms involved in the scam were Prateek Sell Corporation (Rs 21 crore), Satyam Traders (Rs 9.33 crore), Somnath Corporation (Rs 19.97 crore), Shiv Shakti Trading Company (Rs 10.21 crore), Kanchan Steels (Rs 3.32 crore) and Maa Sharda Traders (Rs 9.30 crore).
The Durg firms, SK Enterprises was involved in issuing bogus bills to the tune of Rs 26.17 crore and Gopal Ispat worth Rs 6.32 crore.
The Bilaspur firms were Sainath Enterprises (Rs 3.56 crore) and Sai Traders (Rs 2.68 crore).