Officers from Directorate General of GST Intelligence, Jammu and Kashmir Regional Unit and Chandigarh Zonal Unit on Wednesday conducted search and seizure operations against M/s GS Mall (Wave Mall) and Safa Valley, Bathinda in connection with intelligence developed by the DGGI, Jammu regarding various violations of GST law being done by these two business entities. Directorate General of GST Intelligence(DGGI) is a premier Intelligence agency of Ministry of Finance, Govt of India which is mandated to gather intelligence and investigate in cases of GST evasion all across India.
During the search operations, many irregularities were found in accounts of developer of Safa Valley which was resulting in evasion of GST. The developer has accepted the irregularities and deposited around rs 4.5 crore to government accounts immediately. Further investigations are being carried out to estimate the total evasion. Regarding searches carried out at offices of owners and developers of M/s Wave Malls Pvt Ltd by DGGI officers, many irregularities were detected ,which include wrong GST payments by way of concealed data , irregular Input Tax credit and some other legal irregularities. Initial estimates show that GST evaded may be in crores in this case. Further investigations are on to finalise the total amount. The search teams were led by Dr Iftakhar Ahmed Chowdhry (IRS), Deputy Director , DGGI , Jammu and Kashmir.
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