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Firm owner evading Rs 5.74 crore GST payment held - GST Station

Firm owner evading Rs 5.74 crore GST payment held

Firm owner evading Rs 5.74 crore GST payment held

    VADODARA: The central goods and services tax (GST) officials have arrested a businessman from the city on charges of evading payment of taxes. Officials of CGST, Vadodara 1 booked Nitin Kumar Garg, a partner in ABC Auto Link located at Ranoli and later arrested him. The officials said that Garg has admitted to be an active partner in the company.
    GST officials said that Garg used to collect GST but not deposit it in the government exchequer. He had not paid GST amounting to Rs 5.74 crore.

    “Non-payment of GST above Rs 5 crore is cognizable and non-bailable offence punishable with imprisonment for a term which may extend to three years with a fine,” said a GST official. The GST officials had in April this year had booked an owner of a construction company for collecting GST but not depositing it with the government.

    Source- Times of India.

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