Karamchand pan masala firm owner held for Rs 95-crore tax evasion
A raid by on several units having business dealings with Karamchand brand of pan masala, in Gujarat and Uttar Pradesh, revealed that the firm was engaged in “illicit manufacturing and supply of pan masala and zarda of Karamchand brand without payment of GST”.
Ahmedabad | Updated: December 11, 2020 12:03:35 pm
From January 2019 to November 2020, the total amount estimated to have been evaded, inclusive of GST and cess, stands at Rs 94.54 crore. (Image/Representational)
The Directorate General of Goods and Service Tax Intelligence (DGGI) unit of Ahmedabad on Wednesdsay arrested the owner of a pan masala manufacturer for allegedly evading tax to the tune of Rs 95 crore.
‘Karamchand’ paan masala owner arrested
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For alleged GST evasion of ₹ 95 crore from Jan. 2019 to Nov. 2020
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For alleged GST evasion of ₹ 95 crore from Jan. 2019 to Nov. 2020
The Madhya Pradesh-based owner of “Karamchand” brand of paan masala, Basant Makhija, has been arrested by the Ahmedabad zonal unit of the Director General of the Goods and Service Tax Intelligence (DGGI) for alleged tax evasion of ₹ 95 crore from January 2019 to November 2020.
The accused has been remanded in judicial custody till December 22. He has been accused of illicit manufacture and supply of paan masala and zarda (chewing tobacco) from its manufacturing unit based in Gwalior without paying GST.