Battery Recycling Firm Faces GST Probe in Uttar Pradesh
The article reports that a battery recycling firm is facing a Goods and Services Tax (GST) investigation in Uttar Pradesh over allegations of tax irregularities.
Key Details of the Probe
- Sector: The investigation targets a company operating in the battery recycling industry.
- Location: The probe is being carried out by GST enforcement authorities in Uttar Pradesh.
- Allegations: The firm is suspected of engaging in tax evasion, likely through the suppression of sales, inaccurate reporting of raw materials, or misuse/wrongful claim of Input Tax Credit (ITC).
- Action Taken: GST officials have initiated a probe, which typically involves searches, surveys, and the scrutiny of books of accounts and electronic records to quantify the extent of the alleged tax irregularity.
The investigation underscores the authorities’ intensified efforts to curb revenue leakage and ensure strict compliance within specialized industrial sectors.
Source :- Deccan Chronicle