Over Rs 6 Crore Tax Evasion Detected In Pharma Firms In U’khand

Dehradun : (PTI) Nine pharmaceutical manufacturing companies and pharma trading units in Dehradun, Haridwar and Roorkee were raided and bogus billing and tax evasion worth more than Rs 6 crore was detected, the Uttarakhand tax department said on Saturday.

Several of these firms were found to be “fake”, it said.

They produced bogus bills showing they got pharma packing materials from companies based in Delhi, Gujarat and Madhya Pradesh. It was found that they had no records to prove transportation of these materials, the department said in a statement.

Four of these firms were found to be not in existence, and altogether a tax evasion of Rs 6.4 crore was detected, it said.

Their input tax credit worth Rs 2.43 crore was immediately blocked and their bank accounts seized, the department said.

Some of the firms even accepted during investigation that they had defaulted and paid Rs 30 lakh as penalty, it said.

Related Posts

  • Pharma
  • December 21, 2024
  • 114 views
Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

Bengaluru: The Karnataka government has initiated prosecution against Paschim Banga Pharmaceuticals after five women died following C-section deliveries in Ballari district, where they were administered the company’s IV fluid. Health Minister…

  • Pharma
  • December 21, 2024
  • 165 views
NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

New Delhi:  The National Pharmaceutical Pricing Authority (NPPA) has notified ceiling price fixation of 13 scheduled formulations, retail price fixation of 65 new drugs against applications from individual companies, and…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

Over 14,000 PMBJK Centres Set Up To Provide Generic Medicines: Govt

Over 14,000 PMBJK Centres Set Up To Provide Generic Medicines: Govt

Telangana DCA Cracks Down On Illegal Drug Practices

Telangana DCA Cracks Down On Illegal Drug Practices

Pune: Two Arrested For Selling Illegal Steroid Injections In Gyms

Pune: Two Arrested For Selling Illegal Steroid Injections In Gyms

Serum To Make Chikungunya Vaccine In India

Serum To Make Chikungunya Vaccine In India