JAMMU: The sleuths of the Income Tax Department today carried five simultaneous raids at as many business establishments suspected of tax evasion in twin districts of Jammu and Samba and seized records for scrutiny.
The raids were conducted on the direction from the office of Central Commissioner GST (Investigation), created last month to deal exclusively with enforcement issues like search, seizure and arrest, as it looks to crackdown on tax evaders.
“The raids were carried on the directions of the office of Neeraj Prasad, the Commissioner GST (Investigation), Government of India based on reports that five business establishments– three in Jammu and two in Samba– have been concealing their true income with the intension of tax evasion,” informed official sources.
Pertinently, the office of the Commissioner GST (Investigation), acts as a nodal agency for inter-departmental coordination relating to investigation and enforcement agencies and conducts research and studies to monitor and ascertain modus operandi of evasion.
Reports said that based on information, a team of Income Tax Department led by Assistant Commissioner Income Tax Jammu Ruveda Salam conducted surveys and seized the records for scrutiny.
The three business establishments in Jammu where searches were conducted included Janta Industry, M G enterprises and Rashtriya Industry at Satwari Chowk and Bablayana while as simultaneous raids were conducted on Laxmi Stone Crusher at Samba and another one at business establishments at Raya area of the district.
“Seizure has been made effective of assets, which have not been disclosed to the Income-Tax Department and of accounts, documents, papers which contain details of unaccounted wealth, income not disclosed to the income tax authorities”, official sources told The News Now.
They said that during initial investigation, it came to know that the three business establishments in Jammu charged hefty amount from customers by swelling the MRP and paid the income tax by showing the lower, prescribed rate—as fixed by the government for public.
“By resorting to fudging the MRP, the owners of the business establishments cheat the gullible people in one hand and by showing their less income while filing income tax return, they evade tax,” said official sources.
They added that the raids and scrutiny are in progress and more recoveries are expected.