The Haryana government has opted to revise the guidelines as well as software to make people avoid claiming the undue GST input tax credit (ITC) upon the grounds of the bills made excluding any real movement of goods. The state’s revenue loss in the recent scam of GST in Panipat district is more than Rs 100 cr.
Inside the formal statement for the revised rule has come via the excise department the additional chief secretary Anurag Rastogi who furnished it in Punjab and Haryana high court in the hearing of the appeal relevant to the Panipat GST scam. Rastogi mentioned that apart from revising the rules and software to prevent fake ITC, the state shall also overcome the stolen tax or attach the properties for its realization to any amount exceeding Rs 8 cr.
The high court sought the support of all the related departments and the agencies on the problems. Showing the state police, DGP (crime) Mohammad Akil had furnished that proof and a supplementary police report was made. Concerning the Panipat scam status report, the superintendent of police Shashank Kumar Sawan stated that a special investigation team (SIT) of Panipat’s special detective unit was on duty under the direction of Samalkha ASP Pooja Vashishth.
In the report it reveals that the city Panipat excise and taxation departments seek that 46 companies had done the business within the Ganesh Trading Company, raising invoices for a total of Rs 129,52,83,371 (Rs 129.5 crore), for which the outcome was in the total tax consideration of Rs 9,68,67,081 (Rs 9.68 crore). “Till July 27 this year, 26 of those 46 companies have deposited Rs 6,43,16,298 (Rs 6.43 crore) in place of the ITC claimed, while the Input tax credit of Rs 1,14,51,151 (Rs 1.14 crore)” was restricted towards 14 companies the reason behind it is the suspicious transactions. But the balance of Rs 2,10,99,632 (Rs 2.10 crore) has not been recovered yet.
Through the written complaint the case was registered in March 2019 from the excise and taxation officer (state tax) of Panipat’s ward 6. There is an allegation on Ganesh trading for showing big sales to different dealers and using bogus bills to avail the ITC. At the provided address, there is no company of this name. The bogus bills posted were of Rs 119 cr and the given dealers were in Panipat, Rewari, Sirsa, Maharashtra, and Delhi. Taxes worth crores get escaped.
