Excise and Taxation Department
Excise and Taxation Department inspected two firms located in Chandigarh
Excise & Taxation Department, U.T., Chandigarh conducted inspection of two firms situated in Industrial Area, Phase 1 and Phase 2, Chandigarh on 14.03.2023 and on 17.03.2023 respectively.
The Inspection was conducted after the close analysis of returns whereby it was found that taxpayers were not paying properly their tax liabilities towards the Govt. Exchequer.
Therefore inspection was conducted after taking due permissions. During the inspection huge difference in physical stock was observed in both cases and proceedings as per GST Act have been initiated against the dealers.
It is worth to mentioning here, that the Department immediately recovered the tax along with interest and penalties to the tune of Rs. 22.80 lakh and process of further levying of Tax/Interest/Penalty have been initiated in both the cases.
The Department is continuously analyzing returns of the taxpayers so that such research based inspections could be carried out in future also to secure government revenue.