Rs 26 crore GST recovered from five premium auto dealers in Nagpur

Nagpur: In a major crackdown on five prominent auto dealers in the city who sell the high-end Jaguars and BMWs and also Harley Davidsons and Kawasakis, the directorate general of GST intelligence has recovered unpaid GST worth Rs 25.04 crore along with interest of Rs 28.47 lakh.

The dealers in the dock are Anand Techno Marketing, the Jaguar dealer, from whom the largest amount of Rs 15.44 crore were recovered; Anand Mine Tools another Jaguar dealer from whom Rs 6.91 crore were recovered. Mandhan Motors deals in BMW cars from this company Rs 2.34 crore were recovered.

The premium two-wheeler dealers are Star Bikes of Kawasaki from whom Rs 27.74 lakh were recovered and Legend Bikes dealing in Harley Davidsons bikes which was forced to cough out Rs 5.77 lakhs.

A probe by the tax authorities have found that these dealers were collecting the mandatory GST from the customers but have not credited to the govern­ment, an official statement from the department said Wednesday.

During the probe of these dealers, they have admitt­ed that the did not deposit the taxes collected from customers, the statement added. Subsequently, GST payments of Rs25.04 crore along with interest of Rs28.47 lakh were recovered from the dealers.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal