Commercial Taxes Department unearths ₹528 crore VAT evasion on non-duty paid liquor
8 months, 3 weeks ago

Commercial Taxes Department unearths ₹528 crore VAT evasion on non-duty paid liquor

The Hindu  

HYDERABAD Trouble is brewing for the Telangana State Beverages Corporation Limited as a special audit of two distilleries by the Commercial Taxes department recently has revealed Value-Added Tax evasion on account of non-duty paid liquor at a staggering ₹528.75 crore. The department undertook special audits when it had detected variations in the VAT collections on liquor in comparison to excise duty collections pointing towards a leakage in revenue. Top sources in CT department noted that invoice and despatch challans issued by the Indian-made foreign liquor depots do not mention VAT. A conservative estimate after inspection of two distilleries by the department had revealed VAT evasion on account of non-duty paid liquor at a staggering ₹528.75 crore.

Tax Evasion Liquor Crore Department Vat Excise Duty Vat Evasion Two Distilleries Tsbcl  department  crore  distilleries  unearths  holograms  paid  commercial  vat  tsbcl  special  excise  taxes  tax  evasion  liquor  nonduty

History of this topic

CAG Report Flags Major GST Discrepancies, Tax Evasion in Telangana
4 months, 3 weeks ago

CAG Report Flags Major GST Discrepancies, Tax Evasion in Telangana

Deccan Chronicle  

Hyderabad: The Controller and Auditor General report tabled in the Assembly on Friday cited discrepancies and tax evasion of Rs 986.78 crore in GST payments, pointing to possible tax evasion. The report in a way gave credence to the recent allegations on tax evasion raised against former chief secretary Somesh Kumar. The CAG asked the department to consider introducing additional …

AP Rationalises Liquor Price by Levying Taxes
1 year, 1 month ago

AP Rationalises Liquor Price by Levying Taxes

Deccan Chronicle  

VIJAYAWADA: The state government has rationalised various taxes and special margin on liquor resulting in a price hike of some brands as part of its policy to reduce consumption of liquor in the state. Accordingly, it levied taxes on Indian Made Foreign Liquor brands with the basic price up to Rs 2,500 and the percentage of additional retail excise tax …

Tax Cases Weekly Round-Up: 1 January to 7 January 2023
1 year, 11 months ago

Tax Cases Weekly Round-Up: 1 January to 7 January 2023

Live Law  

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Tax Cases Monthly Round-Up: August 2022
2 years, 3 months ago

Tax Cases Monthly Round-Up: August 2022

Live Law  

Indirect Tax Supreme Court Pradeep Goyal vs Union of India Citation: 2022 LiveLaw 654 The Supreme Court has directed the GST Council to issue advisory / instructions / recommendations to the respective States regarding implementation of the system of electronic generation of a Document Identification Number in the indirect tax administration. Case Title: PCIT Versus Mamta Agarwal Citation: 2022 LiveLaw …

DGCI detects evasion of GST by 2 liquor manufacturers in Maharashtra
4 years, 4 months ago

DGCI detects evasion of GST by 2 liquor manufacturers in Maharashtra

India TV News  

The Directorate General of Goods and Services Tax Intelligence has found alleged evasion of GST collectively worth over Rs 108 crore by two liquor manufacturers in Aurangabad and Nanded districts of Maharashtra. The DGGI Nagpur zonal unit, in a statement issued on Friday, said that tax evasion came to light following searches conducted on July 28 and 29 at the …

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