Based on data analytics and other relevant factors coordinated operations were undertaken in the recent past by the Director-General of Goods and Services Tax Intelligence (DGGI), Nagpur Zonal Unit, against Taxpayers in the Real Estate sector.
The major Taxpayers covered in the coordinated operations include M/s Green City Builders, M/s Kukreja Infrastructure, M/s Pardeshi Construction Pvt. Ltd., M/s Kukreja Embassy and M/s JD Buildcon Pvt. Ltd. in Nagpur region and M/s Sanklecha Construction Pvt Ltd. and M/s Sanklecha Constructions in Nasik region.
The investigation involved analysis of not only the documents seized during the searches but also of retrieved digital data which was forensically secured through hash values generated under Panchnama and a comparison of these data sets with the physical copies of the Sale Deeds and Sale Agreement obtained from the Sub-Registrars of Maharashtra. These investigations is underway.
The total GST/Service tax liabilities based on the investigation conducted so far have been ascertained at Rs. 10.40 Crore out of which Rs. 4.52 Crore has been recovered so far. M/s Green City Builders have paid Rs. 58.17 Lakhs against liability of app. Rs. 2 Crore, M/s Pardeshi Construction Pvt. Ltd. have paid Rs. 15 Lakhs against liability of app. Rs 1.35 Crore, M/s Kukreja Embassy have paid Rs. 17.50 Lakhs (with ITC set off of Rs. 3.40 Crore) against liability of app. Rs. 4.86 Crore and M/s JD Buildcon Pvt. Ltd. have paid Rs. 21 Lakhs against liability of app. Rs. 0.40 Crore which has been ascertained so far.
The quantification of liabilities of other Taxpayers is in progress.
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