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.)
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