Company directors booked for duping sales tax department Company directors booked for duping sales tax department Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Sales Tax »

Open DEMAT Account in 24 hrs
Form 16 delayed, Income tax filing due date extended and more New ITR filing deadlines
Selling inherited gold? Income tax rules you should know
How do you decide capital gains tax on property sale?
How is long-term capital gains tax on sale of property calculated
GST dept probe on Mismatch in Sales Tax Return and E-Way Bill
Clarification on Cash sale of agricultural produce by Cultivators/Agriculturists
Short-term capital gains are taxable at income tax slab rates in the year of sale
India imposes regressive nationwide sales tax
Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).
Assam government to dismantle all sales tax check-gates post Goods and Services Tax
Income tax: How to calculate capital gains tax on sale of old jewellery


« Centre not compensating states for sales tax losses, Odisha...	Nashik builders register with sales tax department... »
Company directors booked for duping sales tax department

August, 22nd 2012
The police arrested two directors of DG Archards company on Monday. The two officials were remanded to police custody remand till August 23. The directors have allegedly not submitted more than Rs10 crore in sales tax and cheated the sales tax department by forging documents. On August 17, assistant sales commissioner SS Bankar of Nagpur had lodged a complaint at Hinganghat police station against four directors of DG Archards, a soyabean processing company, based at Hinganghat. Police filed offences under sections 420, 409, 467, 468, 471, 406 and 34 of IPC. The police arrested two directors Prakashchand Bhut (43) and Yog Nawalkumar Bhut (36) from Amravati. The other two have not been arrested yet. In the FIR, the sales tax official wrote that the firm had shown false sales account books. They had also shown their business as being out of the state. However, sales tax officials found that all bill books were false. The traders also did not have proper licences.