DGGI raids another Kanpur-based businessman and detects a fake input tax credit of Rs 10 cr


A team from the GST Intelligence Directorate (DGGI), Lucknow unit, visited the office and residence of another Kanpur-based businessman on Tuesday evening to verify allegations of tax evasion. A bogus input tax credit of Rs 10 crore has been detected, officials said. The raid was carried out at the premises of Mayur Vanaspati. Company owner Sunil Gupta has agreed to pay the taxes, officials said.

According to officials, Mayur Vanaspati’s owner Sunil Gupta was raided by the DGGI team at his home and office. The team has taken into their custody important documents related to Mayur Vanaspati Industries. However, no arrests have been made to date. An investigation into the owner of the business is underway, officials said.

A wave of DGGI raids in Uttar Pradesh. After the searches of the home of Kanpur-based businessman Peeyush Jain, Sunil Gupta is the second businessman to be searched. Earlier, the DGGI concluded the searches on Wednesday at the residence of businessman Peeyush Jain in Kannauj, Uttar Pradesh.

DGGI seized Rs 194.45 crore in cash, 23kg of gold and 600kg of sandalwood from the possession of businessman Peeyush Jain. Jain was sent to 14 days in custody by a Kanpur court in the case. (ANI)

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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