Odisha shocker: Daily wage labourer gets Income Tax notice of Rs 4.31 crore

 








23-year-old Rinku Barik, a daily wage labourer from Odisha, has received a notice from the Income Tax (IT) Department asking him to pay a hefty tax to the tune of crores of rupees. However, Rinku claimed that someone else have committed the tax fraud in his name.


In September 2018, Rinku received a spot summon from the Directorate General of GST Intelligence. In the same year in December, Rinkureceived another notice from the CSGT and Central Excise Superintendent of Nayagarh Range which mentioned that he had available Input Tax Credit (ITC) of around Rs 4.31 crore and evaded tax, as reported by The New Indian Express (TNIE).


Rinku claimed that he had shared his personal documents with some people while he was trying to get a job in a company. He said that those miscreants might have fraudulently used his documents to show him as the owner of a steel company with two addresses - Rourkela and Nayagarh.


In the meantime, Rinku also learnt that a current account was being operated in his name in the Rourkela branch of Urban Cooperative Bank Ltd (UCBL), TNIE report added.
Ganesh, Rinku’s father who is a barber by profession and struggles to even meet the daily needs of the family told TNIE that on March 10, his son had received a notice from the IT department.


After receiving the notice, Rinku replied to the IT department explaining his innocence and that he was fraudulently being involved in the tax evasion. But he received another notice on March 28 which asked him to comply with IT provisions and pay the tax.
The IT department directed Rinku to pay chargeable tax on Rs 13.21 crore which was credited to his UCBL account, fake transactions of Rs 16.16 crore and a purchase transaction of Rs 2.94 crore. All the transactions were done during the during financial year 2017-18, Ganesh told TNIE.


In the meantime, the Sambalpur Cyber Crime & Economic Offences has arrested four persons including two officials of Rourkela UCBL on Sunday on charges of Rs 124 crore GST evasion on Sunday.


The arrested persons have been identified as Akshay Kumar Nayak (55) who was working as the Assistant Manager of UCBL Main Branch in Rourkela, Prasanta Kumar Jena (53) working as senior clerk in the same bank, Subash Chandra Swain (52) from Basanti Colony in Rourkela and Amit Beriwal (42) who is a businessman of Sambalpur. All the four accused were produced in Sambalpur court and have been booked under sections 419, 420, 467 and 120 (B) of the IPC along with section 66(C)/66(D) of IT Act 2008.


The matter came to light after a Sambalpur resident approached the police station alleging that his identity and documents were fraudulently used to commit SGST forgery.


Sources informed that there are nearly 120 fake accounts opened in Rourkela branch of UCBL using various forged documents in order to make GST evasion during 2017-18 and 2018-19 financial years.


Other the other hand, Rinku alleged that the police did not register his complaint while his family is economically instable to hire a lawyer.


Download our App to get knowledge updates: https://play.google.com




Join Our Telegram Channel for more updates:https://t.me/praveengst:








Comments

Post a Comment

Popular posts from this blog

Centre appeals against ruling on levy of GST on maintenance charges to resident welfare associations

Image
  The Centre has preferred a writ appeal before the Madras High Court against a single judge's order that flat or villa owners paying more than ₹7,500 a month towards maintenance charges to their residents’ welfare associations must pay Goods and Services Tax (GST) at the rate of 18% only for the amount exceeding ₹7,500 and not for the entire monthly contribution. Justices T.S. Sivagnanam and Sathi Kumar Sukumara Kurup on Wednesday allowed an application filed by the Centre to dispense with production of a certified copy of the judgment passed by Justice Anita Sumanth recently and directed the Registry to list the appeal for admission in the usual course. Justice Sumanth had in July this year quashed an order passed by the Authority for Advance Ruling (AAR) on June 21, 2019 as well as a consequent circular issued by the Department of Revenue under the Union Finance Ministry on July 22, 2019 since both of them had insisted upon collecting GST for entire monthly contribution. The jud
Read more

Seven key things to know before filing income tax return (ITR) for FY21

Image
  The last date to file income tax return for the financial year 2020-21 has been extended to September 30, 2021. Although there is more than two months left for the deadline to end, it is always recommended to complete the task as soon as possible and not to wait for the last minute. Worth mentioning here is that the income tax department last month launched a new e-filing portal (www.incometax.gov.in) to speed up the processing of tax returns. The I-T department will soon launch a mobile application, having all the features of the new portal. This year taxpayers have to take care of the following changes in the ITR filing process. 1) A new utility named JSON has been launched for filing tax return forms for FY21. At present, only three forms, ITR 1, 2 and 4 have been released. These new forms will import pre-fill data such as personal details, salary income, dividend income, interest income, capital gains and all the information available in Form 26AS. 2) Taxpayers will have the opti
Read more

Income Tax Return or ITR for FY20 Can Be Filed Till May 31

Image
  n the wake of severe Covid-19 pandemic, the Central Board of Direct Taxes (CBDT) has decided to extend timelines of various tax compliance dates on Saturday. “In view of the adverse circumstances arising due to the severe Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that various compliance dates may be relaxed, the Government has extended certain timelines today," the ministry of finance said in a statement. The move is aimed at mitigating “the difficulties being faced by various stakeholders," it further added. The “relaxations are the latest among the recent initiatives taken by the government to ease compliances to be made by the taxpayers with the aim to grant respite during these difficult times," it mentioned in a notification. “It’s a welcome move to extend the timeline of various tax compliances as the country is struggling with severe second wave
Read more