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Central tax authorities have arrested the general manager of a car manufacturing company for failing to pay the goods and services tax (GST) of about 15 crore.
This is the first arrest in the city by tax sleuths cracking the bad on businessmen and the industrial found to escape the GST . The accused, Gopal Reddy, 46, headquartered in Bommasandra, is charged with failing to collect the GST collected from clients of the Center between August 2017 and May 2018.
The company has badets of More than 100 Based on detailed surveys, income tax officials visited the office Friday and presented documentary evidence of tax evasion.
million. Reddy allegedly confessed to the crime, on the basis of which he was reserved under section 69 of the CGST Act and brought to headquarters for further investigations.
According to authorities, he agreed to pay ₹ 3.5 crore on Monday, after which he was released on bail, said a senior official. That's only when Mr. Reddy will pay the GST payments that the case will be filed, officials said.
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