Surat bullion trader held for ‘Rs 18 cr GST evasion’
IN A major action against alleged evasion of GST (Goods and Services Tax), the Surat DGGI (Director General of Goods and Services Tax Intelligence), on Monday arrested Yatinkumar Sumatilal Shah, proprietor of a bullion firm in Surat, with officials saying that “tax evasion of nearly Rs 18 crore” had been detected.
In October last year, on a tip-off, a team carried out searches at the M/S Sumati Silver at Navapura in Surat and the residential premises of Yatinkumar.
According to officials, “incriminating documents, including parallel (kachha) challan books and related records evidencing clandestine supply of silver bullion and silver articles without issuance of tax invoices” were seized.
