Directorate General of GST Intelligence (DGGI), Jammu and Kashmir Regional Unit carried out searches at Wave Mall and Safa Valley Apartments in Jammu.
Officers from DGGI Jammu and Chandigarh led by IftakharAhmed Chowdhry, Deputy Director, DGGI, and Jammu and Kashmir conducted searchand seizure operations against M/S GS Mall (Wave Mall) and Safa Valley,Bathindi in connection with intelligence developed regarding various violationsof GST law being done by these two business entities.
“During the search operations, many irregularities werefound in accounts of developer of Safa valley which was resulting in evasion ofGST. The developer has accepted the irregularities and deposited around 4.5crore to Government accounts immediately. Further investigations are beingcarried out to estimate the total evasion,” a spokesperson said.
“Regarding searches carried out at offices of owners anddevelopers of M/S Wave Malls Pvt Ltd by DGGI officers detected manyirregularities, which include wrong GST payments by way of concealed data,irregular input tax credit and some other legal irregularities. Initialestimates show that GST evaded may be in crores in this case. Further investigationsare on to finalise the total amount,” it added.