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GST number cancelled of 100 bogus dealers: UT

The excise and taxation department of the UT administration has canceled goods and services tax registration numbers of 100 dealers or companies when it was found missing from their registered workplace.

The department has taken this move when the notices were issued to such dealers and most of them were failed to respond to the notices and were found to be bogus and those who responded claimed they had shifted and had not changed their addresses on the record.

A senior official of the UT administration said “Notices were sent to all of them. But only 32 dealers explained in detail why they were not functioning from the addresses given. Most of them claimed they had shifted from their workplace and had not changed their addresses on the record,”

While investigating process, the officials noticed that on papers, all these dealers have an annual financial turnover of more than Rs 50 lakh.

However, the department has initiated the process to check their financial credentials including liabilities, bank accounts, and properties, last filed tax return and other details related to their financial dealings, so that penalty can be imposed and recovered in the coming days.

Earlier a month back, the department had collected details of 500 dealers randomly for conducting the check. During the check, the department had found that 132 dealers were not existing at the locations or places registered with the department.

 

 

 

Author: Niranjan Reddy

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