Businessman held for GST evasion

Bengaluru: A business person from the city stands captured for dodging payments of Goods and Services Tax (GST) to the degree of Rs 15 crore. To the extent Karnataka is concerned, this happens to be the first ever capture under GST provision. 

Authorities of GST commissionerate, city south zone, directed the raid and arrest the businessman on Friday. He happens to be the managing director of a automobile industry working at Bommasandra here. On being presented before the magistrate, he was released of a bond vowing to make payment of the whole due under GST within two weeks. 

The center board of taxes has been observing payment of GST since its implementation. Subsequent to finding that a automobile industry had immense tax dues, the authorities had started to nearly screen theturnover, tax collection, payment etc. Since GST was implemented, the experts have been observing installment of GST and giving careful consideration to those situations where dues are heavy. Top authorities in the office said that they keep on keeping a watch on GST payment and will make solid strides for recovery wherever the concerned default in making payment.