Sleuths of Enforcement Cell of the Commercial Tax Department (Headquarters) raided the premises of lodhipara located Messrs Grand Motors on Saturday and detected Rs 2 core tax theft by the firm. After the raids, proprietor of the firm, accepting his fraud, handed over a cheque of Rs 1.20 crore to the tax officials on the spot.
According to Commercial Tax Commissioner R S Vishwakarma, Messrs Grand Motors are dealing in two-wheelers of Honda Motors Company. As the company fraudulently showed much lesser sales of vehicles than the actual figure, the Enforcement Cell of the Commercial tax department conducted a snap check in the office of the company and detected the tax theft by the firm.
According to Vishwakarma, during 2012-13 the firm showed sales figure of only Rs 5 crore, 20 lakh, while the actual figure was found to the tune of Rs 21crore, 80 lakh. In this way, the trader had shown only 25 percent of the actual sales figures inflict Rs 2 crore loss to the state exchequer. However, after the snap checking, the dealer accepting his guilt then and there handed over a cheque of Rs 1.20 crore to the tax men. Vishwakarma informed that the Commercial Tax department has developed such a software through which theft of tax could easily be detected. Messrs grand Motors tax theft was also caught by this software. According to Vishwakarma the department has detected several cases of Commercial Tax theft in lieu of two-wheeler and 4-wheeler sales and about Rs 40 crore has been deposited in state treasury thereof.