Thursday, May 23, 2024

Raids on Bharat Motors outlets over Rs 38 Cr pending GST

Bhubaneswar : The Commercial Tax & Goods and Services Tax (CT & GST) officials on Wednesday raided at least three facilities of Bharat Motors in Bhubaneswar over Rs 38 crore pending arrears.

As per reports, the officials carried out raids at Bharat Motors’ branches in Mancheswar, Pahala and Laxmisagar areas.

As per reports, Bharat Motors had moved the Supreme Court seeking exemption from the entry tax arrear. However, the SC ruled that the dealers will have to pay the tax arrears.

The entry tax payment by the automobile dealer has reportedly been pending for the period from 2008 to April 2017.

Sources said the company was issued a notice to pay the entry tax of more than Rs 11 crore in 2017. But, the establishment didn’t pay at that time. Over the last five years, the interest levied on the original fine amount has now accumulated to approximately Rs 38 crore.

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