GST Intelligence team raids gym chain, finds tax evasion of Rs 50 lacs.

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LUDHIANA: Directorate general of GST Intelligence’s Ludhiana Zonal unit on Monday conducted searches at Ludhiana and Amritsar branches of a leading gym chain, which has 80 branches in the country and uncovered tax evasion of at least Rs 50 lakh.

Different teams of department officials under instructions from additional director general Gurusharan Singh undertook the action at the gym’s Ludhiana branch and Mall Road Amritsar branch. According to sources in the department, so far the officials have detected GST evasion of Rs 50 lakh by these two branches and further investigation was underway.

Sources also informed that these two branches were not depositing the GST charged from customers since some time because of which they came under the department’s scanner The owners, however, have agreed to deposit the tax this week after departmental action.

Source : https://timesofindia.indiatimes.com/city/ludhiana/ludhiana-gst-intelligence-team-raids-gym-chain-finds-tax-evasion-of-rs-50-lakh/articleshow/65774911.cms

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