UT department detects 132 ghost firms in 15 days

CHANDIGARH: In the last 15 days, the excise and taxation department of the UT administration has found as many as 132 dealers out of a total of 500 to be non-existent or missing from their registered workplace or areas against which they had been allotted Goods and Service Tax(GST) numbers for doing business.
Following this, the department has now sent notices to these dealers and initiated the process of cancelling their GST licences according to the norms. he revelation came during a random inspection of the records of these dealers.
Significantly, all of them have the annual financial turnover of over Rs 50 lakh. Though the process of cancellation of licence of dealers not existing at their registered addresses has commenced, officials have confirmed that the department will lodge FIRs against dealers, who are found to be bogus after the scrutiny of records, in concerned police stations for the initiation of criminal proceedings against them.
The entire excise has been carried out under the monitoring of deputy commissioner of Chandigarh and commissioner of excise and taxation Mandeep Singh Brar.

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