Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
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

Sales tax raid at Kochi wholesale garment shops
August, 28th 2014

Officials of Sales Tax Intelligence raided a few wholesale readymade garment shops on Broadway in the city and their outlets in Paravoor and Tripunithura on Wednesday on suspicion that there were attempts to evade tax.

An official of the sales tax department said that with the Onam sales beginning this week, large-scale tax evasion was possible, especially with large quantities of products being brought in trains.

Some documents relating to the stock position have been seized and the stocks in these shops are being verified to ascertain whether the accounts match the actual stocks in the shops.

Instances of shops not issuing actual bills but just estimates had also been detected, the official added.

Traders on Market Road expressed their protest against the raid by downing their shutters in the afternoon. A spokesman for the traders said the raids were unjustified. He said they were bearing the brunt of the ongoing construction work in the city and the business was already low. The merchants were expecting the volume to pick up during the Onam season and the raid had come as a set back, he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting