M/s Mascot Motors, 38-39, Telephone Exchange Square, Gandhi Grain Market, C. A. Road, Mahal, Nagpur-440008 [GSTIN: 27AAAHL1234M1ZA], are amongst the most prominent retailers of Nagpur, supplying Two-Wheelers, Motor Parts, Spare Parts, Two-Wheeler Spare Parts and Motor Safety equipment.
Investigations were initiated against M/s Mascot Motors on the basis of intelligence that they were collecting GST from the customers but were not depositing the collected GST with the Government.
During the course of scrutiny and verification of the documents at the business premises of the Taxpayer on 28th February 28, it was detected by the DGGI officers that GST of app. Rs. 18.50 Crore had not been paid by the Taxpayer for the period from March 2019 to January 2020.
On persuasion, the Taxpayer has paid GST of Rs. 16.70 Crores so far. The balance GST is expected to be recovered in the next 2-3 days, as committed by Shri Saurabh Jain, Chartered Accountant and Authorized person of the Taxpayer, in his statement recorded on February 28.