Delhi government’s enforcement wing seizes TV sets worth Rs 50 crore


The enforcement wing of the Delhi government on Sunday seized a huge stock of TV sets worth Rs.50 crore in a case of tax evasion, a city government official said on Sunday.

The enforcement wing of the trade and taxes department seized the huge stock of LED TV sets from private firm G.S. Overseas in Karol Bagh area of central Delhi.

Also Read:  Delhi court directs police to register FIR against Kumar Vishwas for alleged molestation

“The firm was not even registered with the department of trade and taxes. It was not paying any tax although its turnover is above the threshold limit. Estimated tax evasion by the firm is Rs.10 crore,” said Commissioner (trade and taxes) S.S. Yadav.

Also Read:  Mishra, Patnaik, Kumar in race for Delhi Police chief's post

As per the Delhi Value Added Tax Act, 2004, any person or entity having annual turnover of more than Rs.20 lakh has to mandatorily register with the department, file quarterly returns and deposit the tax monthly.

Also Read:  Narendra Modi arrives back in India

“The department has initiated action against the firm under various penal provisions of the DVAT Act 2004. FIR is also being lodged against the firm,” Yadav said.

He said the drive against tax evaders would continue and none would be spared.


Please enter your comment!
Please enter your name here