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Nation

GST Nagpur II Commissionerate detects non-payment of Rs. 1.92 crores in GST

by TLN Team January 13, 2023January 13, 2023
written by TLN Team January 13, 2023January 13, 2023
GST Nagpur II Commissionerate detects non-payment of Rs. 1.92 crores in GST

The GST Commissionerate Nagpur II’s Anti Evasion Department has found an evasion of  Rs 1.92 crore GST under the Reverse Charge Mechanism (RCM) of ineligible input tax credit (ITC) of compensation cess on the purchase of raw cotton.

The Department gathered the information from its staff engaged in intelligence gathering about the evasion. They found that inspection was conducted at the declared principal place of business (PPOB) of M/s Shri Ratan Ginning and Pressing Factory situated at Plot no: 1, Survey No.  70/1A, Mouza- Dattapur, Dhamangaon, Amravati, recently.

During the inspection, the statement of Ravi Ratan Lal Bhutada, Partner of M/s Shri Ratan Ginning and Pressing Factory was recorded.

Bhutada accepted that his company had not paid the Goods and Services Tax (GST)  under the RCM on the purchase of raw cotton as per Notification No. 43/2017( CT)- Rate dated November 14, 2017 read with Notification No. 4/2017 dated June 28, 2017.

The total tax liability for the period November 15, 2017, to March 2020 was found to be  Rs 1,92,72,171.

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