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Fake bill practice in Pharma units detected

A Spokesperson of Excise and Taxation Department said here today that a team of Joint Commissioner of State Taxes and Excise, South Enforcement Zone Parwanoo under the supervision of U.S. Rana, JCSTE, from the Department today raided one unit in Barotiwala and seized fake bills of inward supplies amounting to Rs. 4.5 crores. Total fake bills amounting to about Rs. 40 crores have been seized during raids on nine such Pharma units so far. During one such raid cash of Rs. 61 lakh was found and Income Tax department was informed about it. Notices to other 25 Units are being issued who have received supplies from fake companies.

He said that the main supplier of these bills was a trading firm which has also been tracked. It’s owner is a small time employee living in labour quarters and earning a salary of only 15000 per month. Total tax evasion in these cases may cross Rs. 10 crores. More such fake firms supplying fake bills are suspected and investigation is going on. Action against such other defaulters would be initiated, he added.

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