Karnataka Tax Dept Finds 60 GST Registrations linked To Chinese National From Wuhan, Seals Bengaluru Warehouse

A press release issued by the department stated that during the recent raid a total of 25,446 Chinese made electronic and Fast Moving Consumer Goods were seized from the warehouse on Old Airport Road.

Karnataka   |   27 Jun 2020 4:45 AM GMT / Updated : 2020-06-28T11:28:22+05:30
Writer : Aditi Chattopadhyay | Editor : Navya Singh | Creatives : Vijay S Hegde
Karnataka Tax Dept Finds 60 GST Registrations linked To Chinese National From Wuhan, Seals Bengaluru Warehouse

Representational Image

Karnataka's Commercial Taxes department found 60 GST registrations linked to a Chinese national from Wuhan and subsequently seized goods manufactured in China worth Rs 4 crore from an undeclared warehouse during a raid in Bengaluru.

A press release issued by the department stated that during the recent raid a total of 25,446 Chinese made electronic and Fast Moving Consumer Goods were seized from the warehouse on Old Airport Road.

According to a New Indian Express report, the man had obtained these premises on a lease, and more than 60 registrations had been made, both under central and state jurisdictions of the GST Act, under the name of a number of persons for online trading of Chinese manufactured goods.

The release added that the majority of the registrations were found to be irregular in the filing of returns and payment of tax. Further, most of the firms either filed nil returns or did not file returns.

According to the registration data one business was registered in 2017-18, 43 in 2018-19, 14 in 2019-20 and 2 in 2020-21.

Most of the 60 firms were private limited companies. 24 persons were interchangeably directors in 58 firms.

At the time of the raid, none of the people named in the data was available, neither the Chinese national nor any of the other 59 registered taxable persons.

The department said that despite proving sufficient time none came forward to participate in the proceedings.

"It is learnt that the Chinese national is operating the business from Wuhan City since January 2020 with the assistance of some of his agents or employees in Bengaluru. It is also learnt that multiple registrations are being taken for a better rating on E-commerce platforms," the Commissioner of Commercial Taxes M S Srikar said.

He added that the warehouse has been sealed and an investigation initiated in the matter.

The genuineness of the existence of all 59 registered persons and their transaction and tax compliance will be looked into.

Also Read: Karnataka: 1300 Workers Left Stranded After Garment Factory That Stitched H&M Clothes Suddenly Shuts Down

Suggest a correction

    Help Us Correct

    To err is human, to help correct is humane
    Identified a factual or typographical error in this story? Kindly use this form to alert our editors
  • *
  • *
  • *
  • Form Submitted Successfully
    Error in submitting form. Try again later

Contributors

Aditi Chattopadhyay

Aditi Chattopadhyay

Fact Checker

"I like to read, cook my own food and note down witty lines. Fact checking reminds of the time when I was a kid and would go hunting for whatever caught my fancy in that moment."

Navya Singh

Navya Singh

Trainee Digital Journalist

"Writing and speaking about the matters where they don't shed light, I'm always on my toes to bring out the untold, unheard stories from the background of Economy and Defense."

Vijay S Hegde

Vijay S Hegde

Trainee Creative Producer

"I am a creative, artistic and ambitious designer, with a talent for thinking outside the box and coming up with innovative ideas and designs. I graduated with a 1st Class honors degree in Video Editing from MAYA ACADEMY OF ADVANCED CINEMATICS"

Next Story