Warehouse with 60 GST Registration Has Been Sealed off in Bengaluru

Our government has been taking some strict action against Chinese products and in this move, people are also in full support of the Government. Due to the same hashtags such as #boycottchina #boycottchineseproducts are trending on social media. In a recent incident, an undeclared warehouse in Bengaluru has been sealed off by the Commercial Taxes department. As per received report the warehouse was having imported goods worth Rs 4 crore and it was also having around 60 GST registrations View the complete amendment process in GST registration by step by step guide. Also, we have included how to amendment in core & non-core fields. Read Also which are somehow linked to a Chinese national from Wuhan.

Reports also state that there were 25,446 China-made electronics along with fast-moving consumer goods stored in the warehouse, all these products worth Rs 4 crores and not all the which was not declared to the tax authorities. In a press note, MS Srikar, Commissioner of Commercial Taxes said that “officers noticed that one person from Wuhan City, China, got the premises in Bengaluru on lease. They also found that about 60 registrations (both Centre and State jurisdictions) under the GST Act in the name of a number of persons for online trading of imported China-made goods had a single address which was vacant”

As per the statement, most of the GST registrations were found irregular in the GST return filing Get to know the online procedure of filing GST return in India. Also, we provide each and every GST form according to the taxpayers and category. Read More and tax payment. Most of the registered firms are either filed nil returns or were non-filers. As per the received details, the registration date for one business was in 2017-18, 43 more in 2018-19, the other 14 in 2019-20, and the remaining two in 2020-21. Most of the firms from these 60 firms are registered as private limited companies and there were 24 persons interchangeably directors in 58 firms. During neither the lessee, the Chinese national, or any of the other 59 registered taxable persons appear at the business premises, additionally, no one came forward to cooperate in the proceedings in the given sufficient time.

The records make it clear that the Chinese national is running the business from Wuhan City since January 2020, and there are some agents or employees in Bengaluru. It is found that multiple registrations were furnished for getting better ratings on eCommerce platforms, Srikar added in the statement. Nitesh K Patil, Additional Commissioner, Enforcement, South Zone, who led the raids said that “the Commercial Taxes Department is closely watching the genuineness of newly registered persons and conducting post-registration verification visits. Any registration taken with mala fide intention of evading taxes will be dealt with seriously”.