New Delhi: Tax evasion worth crores of rupees has been detected during Income Tax raids on two businessmen in the city. The I-T raid was underway at the house, factory, office, cold store and petrol pump of perfume trader Piyush Jain in Kanpur, Kannauj, Mumbai and Gujarat.
The income tax raid was conducted at Piyush Jain’s property, who is close to Akhilesh Yadav. He had also launched Samajwadi Party perfume, branded as ‘Samajwadi Attar’ in November.
The raid was conducted by the officers of the Directorate General of GST Intelligence (DGGI) only after specific intelligence inputs.
Vivek Johri, the Chairman of Central Board of Indirect Taxes and Customs (CBIC) on Friday said that the cash recovery of approximately Rs 150 crores from searches in Kanpur at several locations related to Trimurti Fragrance is the “biggest haul ever”.
The teams of CBIC are currently at various premises of businessman Piyush Jain counting cash.
Soon after cash worth Rs 150 crore was reportedly found during the raids., the BJP leaders started attacking Akhilesh Yadav.
समाजवादियों का नारा है
जनता का पैसा हमारा है!समाजवादी पार्टी के कार्यालय में समाजवादी इत्र लॉन्च करने वाले पीयूष जैन के यहाँ GST के छापे में बरामद 100+ करोड़ कौन से समाजवाद की काली कमाई है? pic.twitter.com/EEp7H5IHmt
— Sambit Patra (@sambitswaraj) December 24, 2021
100+ करोड़ कैश मिला है समाजवादी परफ्यूम लॉन्च करने वाले व्यापारी के घर से। pic.twitter.com/6zo0odVLur
— Prashant Umrao (@ippatel) December 23, 2021
“DGGI Ahemdabad team started searches on the manufacturer of Pan Masala and their supplier. A transporter and a fragrance company of Unnao were also searched as they were providers of fragrance to the pan masala company,” he added.
Johri also said that one of the parties involved has accepted the case of tax evasion and has deposited Rs 3 crore for the same.
“No arrest has been made yet,” he added.
As per the GST law, if the invoice is more than a certain limit, then it is necessary to generate invoices.
During searches, DGGI found an item on which the Goods and Services Tax (GST) tax rate was 28 per cent plus cess, Johri informed.
#WATCH | As per Central Board of Indirect Taxes and Customs chairman Vivek Johri, about Rs 150 crores have been seized in the raid, counting still underway.
Visuals from businessman Piyush Jain’s residence in Kanpur. pic.twitter.com/u7aBTJhGxW
— ANI (@ANI) December 24, 2021
“The probe further revealed that these people were dispatching material without any invoice and e-way bills. Two-three parties are involved in this. All the invoices we found were fake. Value of the item suppressed,” Johri added.
“A case of fake invoicing and fake credit has been reported…Those involved were dispatching material without any invoice and e-way bills. All the invoices we found were fake. Value of the item suppressed,” he informed.
The CBIC Chairman also informed that counting of the seized cash is underway.
