- State GST department detects tax evasion in excess of ₹100 crore at a Thrissur-based firm
- The firm had hidden details of taxable revenue generated from consumers through services involving digital coupons and ‘privileged ID’
- The inspection was carried out by the intelligence wing attached to the Kasaragod unit of the department
- The managing director of the company admitted to the offence and remitted ₹51.5 crore as fine
- The State government had completed the restructuring of the State GST Department earlier this year to check tax evasion
- The State’s own tax revenue is estimated to grow at 15.46% over the 2022-23 revised estimates
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
