Tax department finds 13 bogus companies in Rajasthan

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In this news, we discuss the Tax department finds 13 bogus companies in Rajasthan

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Rajasthan’s Business Taxation Department has found 13 bogus businesses, operating only on paper, across the state. A simultaneous investigation was carried out against different companies in 26 sites across the state under the leadership of SGST’s chief commissioner, according to an official statement.

Measurements were taken after analyzing the data available on various sites of the GSTN. Out of 26 companies, 13 companies were operating on papers with a total turnover of Rs 324.11 crore.

A bogus input tax credit (ITC) of 30 crore rupees was used by them and other businesses attached to them, he said. The department immediately “blocked” the transactions of the paper companies and informed the CGST to take action against the companies, he added.

News Highlights:

  • Rajasthan’s Business Taxation Department has found 13 bogus businesses, operating only on paper, across the state. The department immediately “blocked” the transactions of the paper companies and informed the CGST to take action against the companies, he added.
  • Tax department finds 13 bogus companies in Rajasthan
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