Delhi govt seals premises of family-run group of firms

Delhi government’s Department of Trade and Taxes lodged an FIR and sealed the premises of a group of companies run by a family living in Paschim Vihar for tax evasion despite having a gross turnover of Rs 1,156 crore.

A survey was carried out by the Department on the premises of this group of companies in which it was revealed that these companies were engaged in the trading of edible oils and other goods. “They procure edible oil from other states mainly Rajasthan and illegally trade these goods in local market without depositing the tax properly. The group was having a gross turnover of approx Rs 1156 crore,” said a senior officer of the department. 

“We were scrutinising the returns of the firms and it was being observed that all the firms were showing a huge gross turnover and depositing negligible tax,” added the officer. The officer also informed that the dealer has shown huge central purchases, accordingly generating statutory forms from the DVAT website but have not shown any sales in the return. “It was felt that the dealer was not declaring the true picture as far as the business transactions are concerned,” he added.

During the survey, the dealer was directed to show the stock of the firms, in which the dealer was showing huge purchases in crores of <g data-gr-id="23">rupees</g> but the sale was shown as nil which shocked the officers of the department and the raiding team.