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28 August, 2014

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Raids under Delhi VAT Rampant–45 Dealers Registration Cancelled–Full Story

Cracking a whip on bogus companies, Delhi Government has cancelled the registration certificates of 45 traders who have evaded value-added tax (VAT) of several crores in the past one year.

The turnover of these bogus companies was shown to be Rs 868.10 crores in 2013-14 and during physical verification by the authorities, these companies were found to be non-existent.

"Value added tax inspectors visited such bogus dealers.

45 fraudulent dealers with bogus declared turnover of Rs 868.



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