The Commercial Taxes Department, Karnataka, busted a prominent group operating multiple coaching institutes in Vijayapura for alleged evasion of Goods and Services Tax (GST).
Enforcement officials conducted simultaneous searches at the business and residential premises at the coaching institutes of the group and other commercial coaching facilities in the Vijayapura district.
“The officers seized incriminating records and digital evidence and the investigation is in progress. As a result of the search operation conducted, it is suspected that a substantial volume of turnovers has been suppressed, and tax has been evaded by the said group of coaching institutes. They have voluntarily deposited Rs 1 crore in GST pending final quantification of turnover and tax,” said C Shikha, Commissioner of Commercial Taxes (Karnataka) in a statement on September 21.
However, the department didn’t name the group in the statement.
While coaching institutions are required to pay GST at 18 percent, sources said the institute failed to obtain registration under the GST Act for more than three years.
Read more at : moneycontrol
Share this content: