Tax department seals Silk Expo at Jehlum Resort Jammu

Tax department seals Silk Expo at Jehlum Resort Jammu
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Aman Malik

Jammu, Dec 23: On the instructions of the Commissioner, State Taxes, Jammu, P.K. Bhat, a team of officers of the State Taxes Department inspected the Silk Expo at Jehlum Resort, Jammu. The team consisted of Additional Commissioner, State Taxes (Administration & Enforcement), Jammu, Mohammad Shahid Saleem Dar, State Taxes Officers Arvind Sawhney, Neeraj Sharma, Mohit Raina, Mohd. Raiyaz, Nagesh Singh, Abdul Rehman, Sunil Dutt, Ajit Kumar, Rajesh Sharma, Bhupinder Singh Chib, Kuldip Jandyal & Rupinder Kour and Inspectors of the Department Kuldip Singh, Harish Gupta, Rajesh Sharma, Amit Jain, Sachin Gupta, Pritam Lal, Rajinder Paul, Chander Badan, Vikram Singh, Shrawan Kumar, Sandip Saraf, Ms. Ruchi Gupta, Ekta, Roopali Sadhotra, Sharda Manhas, Ranju Rathore, Meenu Mehnaz, Simmi & Sonali Sharma. Huge tax evasion was noticed as a total value of the material for sale was disclosed at Rs.18 lacs only. During inspection the total value of the material available for sale turned around Rs.1.62 crores. The Silk Expo is going on from 15th of December 2018 and per day a sale of around Rs.4 lac has been recorded. The Silk Expo has been sealed by the State Taxes Department to ensure no further tax evasion due to further sales as no proper invoices have been issued till date and there is every apprehension of further tax evasion in case it is continued to run.
The spokesman of the department added that such expos hit the local traders, who are doing genuine and honest business, very hard as their sales in the market get harshly effected. The department shall be tightening its noose on all such irregular sales so that the regular & honest tax payer dealers are secured. The spokesman said that the Silk Expo has got registration as Casual Taxpayer under GST law and has deposited only Rs.5,000/- SGST and similar amount of CGST and as per law the casual taxpayer has to deposit tax leviable in advance in his electronic cash ledger to be calculated on the basis of the stock.