Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: articles on VAT and GST in India :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARD :: cpt :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT Audit
 
 
VAT (Value Added Tax) »
 Petrol prices set to rise in Goa with increase in VAT
 Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Delhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon a
 Shops cannot charge VAT on discounted items: Consumer forum
 Delhiites have to pay lowest taxes as AAP govt announces cuts on VAT on various items
 Tamil Nadu minister justifies VAT hike on fuel
 State Government urged to withdraw hike in VAT on petrol, diese
 High VAT may encourage illegal trading
 Delhi budget unlikely to have any new tax proposals this year
 Date for filing quarterly VAT returns extended
 Framing of Central Assessments - Dated 2-2-2017 - VAT - Delhi

14 held for evading VAT, duping sales tax department
July, 11th 2012

The Crime branch on Tuesday arrested 14 persons in connection with the alleged involvement in violation of the provisions of Maharashtra Valued Added Tax (VAT) Act 2002 and duping the state sales tax department of several lakhs of rupees. They were later produced before a court which sent them to police custody till July 12. However, the police had sought a 10-day custody for them.

Five more persons are to be arrested in the case.

Sources in the police department said that the alleged mastermind, Govindsingh Banafar, already arrested and bailed out on an earlier occasion , procured coals from different regions and sold it to a Lakadganj-based private marketing company. He, most of the time, would create bogus documents to show the transactions but there would be no real deals.

Police said that Banafar would claim set-off facilities from the sales tax department and would often skip the VAT payment. Apart from Banafar, other accomplices also did the same to avoid VAT payment and try to draw benefits of set-off facilities.

Sales tax department had earlier asked the Crime branch to probe the fraudulent transactions of the coal traders. Offences of cheating and criminal conspiracy were registered at Lakadganj police station. Charges under relevant provisions of the Maharashtra VAT Act were also slapped against the traders.

This followed by a long legal duel between the police department and accused who tried to quash the First Information Report (FIR) and procure anticipatory bails from different courts. In the meantime, Banafar was nabbed. Banafar's defense counsel Lubesh Meshram said that his client got bail after he highlighted a change of circumstances before the court.

Recently, the high court had ordered the 14 accused to surrender before the police department before taking the advantage of bail. The accused were produced before the court of judicial magistrate first class DR Deshmukh who allowed police custody till July 12 later this week. The crime branch has sought a 10-day custody for searches and detailed investigations.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions