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

Health ministry strengthens allied and healthcare education and professional standards

The Union ministry of health and family welfare is strengthening the education, training and professional standards of allied and healthcare professions to build a skilled, competent and future-ready healthcare workforce…

Siddhanta Super Speciality Hospital’s registration, licence cancelled in Bhopal: CMHO inspection finds 19 serious lapses from emergency to ICU; dialysis rules violated

The registration and licence of Siddhanta Super Speciality Hospital in Shivaji Nagar, Bhopal, have been cancelled after a CMHO inspection found 19 serious lapses. The violations ranged from a lack…

Leave a Reply

Your email address will not be published.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

You Missed

Health ministry strengthens allied and healthcare education and professional standards

Health ministry strengthens allied and healthcare education and professional standards

Siddhanta Super Speciality Hospital’s registration, licence cancelled in Bhopal: CMHO inspection finds 19 serious lapses from emergency to ICU; dialysis rules violated

Siddhanta Super Speciality Hospital’s registration, licence cancelled in Bhopal: CMHO inspection finds 19 serious lapses from emergency to ICU; dialysis rules violated

Chemist selling narcotics held, medical store sealed

Chemist selling narcotics held, medical store sealed

Systech launches TraceIQ, an intelligent and easy-to-use platform to transform pharma traceability from compliance to operational intelligence

Systech launches TraceIQ, an intelligent and easy-to-use platform to transform pharma traceability from compliance to operational intelligence

Amway India launches range of new products under Nutrilite Ayurveda

Amway India launches range of new products under Nutrilite Ayurveda

Yashoda Medicity’s Medical Tourism Footprint widens with Republic of Kazakhstan on Board

Yashoda Medicity’s Medical Tourism Footprint widens with Republic of Kazakhstan on Board