TL-GST-ARREST

Resort executive held for Rs 13.81 cr GST evasion

Hyderabad, Jan 9 (PTI): Director General of GST

Intelligence (DGGI), Hyderabad Wednesday said they arrested

Chairman-cum-Managing Director of a popular resort on the

outskirts of the city, in connection with evasion of GST to

the tune of Rs 13.81 crore.

According to an official release, the resort was

collecting GST from their customers and guests butnot

remitting it to the government since July 2017.

Thelaw stipulates that all the amounts representing

GST collected from service recipients has to be mandatorily

credited into to the government and periodical returns should

be filed every month.

The resort and its management has not paid any tax and

statutorily prescribed returns, with a deliberate intention to

evade GST, the release said.

The management of the resort has a dubious history of

not paying applicable service tax also in the past and several

notices were issued by the Service Tax Department in the past,

it added.

Pending investigation, the CMD of the resort, who has

"not been cooperating" with the investigation, was arrested

and remanded to judicial custody till January 18.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)