Posted on August 8, 2015 by roshankar
Action Taken by the Department of Trade & Taxes against the dealers (in Delhi) for tax evasion :
In continuity of surveying cases based on specific intelligence inputs integrated with possibility of tax evasion, Department of Trade & Taxes for the first time used innovative methods of surveillance. They used spy camera and magic eye in order to adduce actual sales on suspicious dealer of popular eatery, so that tax evasion can be checked.
Based on credential information that a dealer is suppressing his sales as well as GTO substantially, recce of the premises was done for two days in which videography was also done for entire business day of M/s R.K. & Co., TIN 07920026641 popularly known as Keventers.
Subsequently, a team of the department was sent for detailed survey on 05-08-2015 at around 2:00 P.M. in which cash of Rs. 10,62,700/- was found in cash counter of the shop. As per the returns filed, the dealer is showing sales of approx. 25000/- per day whereas during 5-6 hours of survey, dealer made a sale of Rs. 60,500/-. The cash amount found was 40 times of the daily sales reported. The dealer was confronted with evidence gathered there on which the dealer agreed to deposit tax of Rs five Lakh forthwith and the same has been deposited on 06.08.2015. It has been gathered that the dealer was declaring 1/5th of his actual sales and GTO. He was under declaring six times of taxable income.
Default assessment of the dealer will be done for the last six years and it is expected that tax amounting to Rs. 1.25 crore would be realized.
The Department would continue such surveillance and crackdown on tax evaders by using such investigative innovative methods all over Delhi. more
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