Govt sends 'GST evasion' letters to 150 companies for forged sales data

The data analysed belonged to the first eight months of the GST rollout

Indirect tax officials have issued letters to over 150 companies in Pune, Hyderabad and Bangalore, for suspected underreporting of their sales figures and payment of less goods and services tax (GST).
 
Basically, data mining by the Central Board of Indirect Taxes Customs (CBIC) showed that these companies are paying 95 per cent tax from input tax credit and five per cent from cash. As such, the letters asked these companies to produce documents as such a low value addition looks fishy, officials said.
 
"This indicates that the value addition is very low, which technically does not appear to