DGGI conducts action against builders and developers
| Date :20-Sep-2019 |
Business Bureau :
BASED on data analytics and other relevant factors, co-ordinated operation were undertaken in the recent past by Director General of Goods and Service Tax Intelligence (DGGI), Nagpur Zonal Unit, against taxpayers in the Real Estate Sector. The major taxpayers covered in the co-ordinated operations included M/s Green City Builders; M/s Kukreja Infrastructure; M/s Pardeshi Construction Pvt. Ltd.; M/s Kukreja Embassy; M/s J D Buildcon Pvt. Ltd in Nagpur region and M/s Sanklecha Constructions Pvt Ltd and M/s Sankelecha Construction in Nasik region.
The investigation involved analysis of not only the documents seized during the searches but also of retrieved digital data which was forensically secured through hash values generated under panchnama and a comparison of these data sets with physical copies of the Sale Deeds and Sale Agreement obtained from the Sub-Registrars of Maharashtra.
These investigations are still continuing. The total GST/Service tax liabilities based on the investigation conducted so has been ascertained at Rs 10.40 crore out of which Rs 4.52 crore has been recovered so far. M/s Green City Builders has paid Rs 58.17 lakh against a liability of approximately Rs 2 crore. M/s Pardeshi Construction Pvt Ltd has paid Rs 15 lakh against a liability of approximately Rs 1.35 crore. M/s Kukreja Embassy has paid Rs 17.50 lakh (with ITC set off of Rs 3.40 crore) against liability of approximately Rs 4.86 crore and M/s J D Buildcon Pvt. Ltd has paid Rs 21 lakh against a liability of approximately Rs 40 lakh which has been ascertained so far. The quantification of liabilities of other taxpayers is in progress.