You are here: Home » PTI Stories » National » News
Business Standard

Resort executive held for Rs 13.81 cr GST evasion

Press Trust of India  |  Hyderabad 

: of GST Intelligence (DGGI), Wednesday said they arrested of a popular resort on the outskirts of the city, in connection with evasion of GST to the tune of Rs 13.81 crore.

According to an official release, the resort was collecting GST from their customers and guests butnot remitting it to the government since July 2017.

Thelaw stipulates that all the amounts representing GST collected from service recipients has to be mandatorily credited into to the government and periodical returns should be filed every month.

The resort and its management has not paid any tax and statutorily prescribed returns, with a deliberate intention to evade GST, the release said.

The management of the resort has a dubious history of not paying applicable service tax also in the past and several notices were issued by the in the past, it added.

Pending investigation, the CMD of the resort, who has "not been cooperating" with the investigation, was arrested and remanded to judicial custody till January 18.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 21:45 IST
RECOMMENDED FOR YOU