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

Green or red dot? Your soap, shampoo and toothpaste will now reveal if they’re veg or non-veg

Green dot or red dot? Soaps, shampoos and toothpaste to reveal if they are veg or non-veg That green dot you usually look for on a food packet could soon…

Counterfeit rabies vaccine worth ₹2 lakh seized in Delhi

The Drugs Control Department has seized counterfeit rabies vaccine worth about ₹2 lakh from a firm in Chandni Chowk’s Bhagirath Palace, the Delhi government said on Tuesday. Health Minister Pankaj…

Leave a Reply

Your email address will not be published.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

You Missed

Green or red dot? Your soap, shampoo and toothpaste will now reveal if they’re veg or non-veg

Green or red dot? Your soap, shampoo and toothpaste will now reveal if they’re veg or non-veg

Counterfeit rabies vaccine worth ₹2 lakh seized in Delhi

Counterfeit rabies vaccine worth ₹2 lakh seized in Delhi

AIIA organises public awareness rally on 11th Ayurveda Day

AIIA organises public awareness rally on 11th Ayurveda Day

UKHSA and University of Oxford scientists uncover genetic changes in the bacteria causing severe Kent meningococcal disease outbreak

UKHSA and University of Oxford scientists uncover genetic changes in the bacteria causing severe Kent meningococcal disease outbreak

‘Broad daylight dacoity’, says Supreme Court on overpricing of essential cancer drugs

‘Broad daylight dacoity’, says Supreme Court on overpricing of essential cancer drugs

CDSCO finds one spurious drug sample in Delhi, 220 NSQs in Aug surveillance

CDSCO finds one spurious drug sample in Delhi, 220 NSQs in Aug surveillance