GST officials detect over Rs 830 cr tax evasion by Delhi pan-masala unit

wayne


Central GST authorities have detected a of over Rs 830 crore by an illegal pan-masala manufacturing unit here and arrested a person for his involvement, according to an official statement.


The firm was evading the payment of Goods and Services Tax (GST) by manufacturing and clandestinely supplying gutkha/pan masala/tobacco products without any registration and payment of duty, it said.



On the basis of the search at the premises of the manufacturer, it was found that illegal manufacturing of gutkha/pan masala/tobacco product was going on, evidenced by a godown, machines, raw materials and manufactured products at the premises, the office of Commissioner central tax (Delhi West) said in a statement Saturday.


Around 65 labourers were found working at the illegal factory, it said.


The searches resulted in the seizure of finished gutkha and raw materials such as chuna, sada kattha, tobacco leaves etc, valued at Rs. 4.14 cr approximately, the statement said.


On the basis of evidence gathered, stocks seized and confessional statements recorded the total duty evasion is estimated to be approx Rs 831.72 crores. Further investigation is in progress, it said.

Tower damage case: Airtel writes to DoT, says Jio’s charges are baseless

wayne


After Jio’s purported allegations that channel partners of rival telcos were inciting and provoking agitators involved in tower disruption, has shot-off a letter to the telecom department slamming the charges as baseless and outrageous.


has told the Department of Telecom (DoT) that Jio’s allegations against it did not demonstrate any evidence that Bharti had any hand in the ongoing issues that the company is facing, and that the complaint should be dismissed “with the contempt that it deserves”.



The letter by to Telecom Secretary Anshu Prakash said the company is aware of a complaint made by to the department dated December 28, in reference to the disruption of RJIL (Reliance Jio) services due to farmer’s protests in Punjab and Haryana.


Airtel noted that a similar allegation had been levelled by Jio in a letter to the telecom regulator earlier in December to which the company had responded.


“The baseless allegation made by Jio that Airtel is behind the farmer agitation to ‘sabotage’ their network and to force customers to switch to Airtel is therefore simply outrageous,” Bharti Airtel’s Chief Regulatory Officer Rahul

Nearly one in four workers ‘think retirement will be a financial struggle’

wayne

Older workers are more downbeat about their chances of having enough money to enjoy themselves in retirement than younger employees, a survey has found.

Only one in seven people aged 56 to 65 think they will have enough cash to really enjoy their retirement, as do 12% of 46 to 55-year-olds, Aviva found.

This compares with nearly a quarter of 22 to 30-year-olds and 19% of 31 to 45-year-olds who are confident they will have enough put by to really enjoy their later years.

Across all age groups, nearly a quarter of workers believe their retirement is likely to be a financial struggle.

Automatic enrolment has brought millions of people into workplace pension saving, although there are concerns that people may not be putting by enough for a comfortable retirement.

In April 2019, minimum contributions will rise to 8% of earnings, including top ups from employers and the Government, although Aviva said just saving the minimum is unlikely to give people the pension pot they will need for a comfortable retirement.

Travelling, pursuing hobbies and giving money to children and grandchildren will be the top priorities for people when they do retire, the survey of more than 2,000 22 to

Subscribe Now