CB detects Rs 1.20 cr Tax fraud in Kashmir

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Srinagar, Jan 30: Jammu and Kashmir police Crime Branch (CB) has presented a challan against a firm and a goods carrier for misusing CST and GST numbers, causing a loss of Rs 1.20 crore to the State.

A CB spokesman said a chargesheet against the accused has been presented before the court of Passenger Tax.

Giving details about the case he said an FIR was registered in CB, Kashmir, in connection with production of fake documents for obtaining registration from the Sales Tax Department and subsequent misuse of CST/GST numbers for fraudulent import of goods from outside state in order to evade tax.

During investigation it was found that one Reyaz Ahmed Lone had applied before the Sales Tax authorities for registration of firm namely HANAAN TRADERS, for which fake documents were submitted to the authorities.

The fake company in league with the Akash Goods Carrier imported goods worth Rs 1.20 crore from outside the state by using fraudulently obtaining CST/GST numbers.

He said the accused has wrongfully caused a loss to the state exchequer to the tune of lakhs of rupees which could have been generated as revenue in the form of sales tax against these imports.


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