Tax officers in Punjab collecting more money even than Pooja Singhal through Bogus Billing
Jalandhar, 8 May 2022 : Though Jharkhand’s Mining Secretary Pooja Singhal must have notoriously acquired fame as Enforcement Directorate (ED) had recovered heaps of money from her residence but if thorough probe is conducted much more money can be collected from Tax officers in state who had amassed huge wealth through bogus billing.
The scandalous bogus billing nexus of firms and tax officers in Punjab have been evading huge money which goes directly in the pockets of officers and firms. Though the tax officers are duty bound to act against bogus billing but some of the black sheep amongst them have joined hands with the firms indulging in this practice thereby bringing huge loss to state exchequer. These officers have acquired wealth beyond even the imagination of the agencies.
The documents in possession of ‘Times Punjab’ clearly show how the corrupt officers have minted money illegally by sheltering the firms involved in bogus billing across the state. The firms involved in this racket have been raising false bills showing transactions worth crores but in reality no such transaction had ever taken place. These firms are using this tool just for evading tax thereby usurping the public money in form of tax payable to union and state government.
The worst thing is that the officers both of the Union and state government who are supposed to check this illegal practice are not only turning a blind eye towards it but are rather patronising it. Not only this they are rather hand in glove with the firms involved in the bogus billing and are illegally minting huge money. The examination of records available with the ‘Times Punjab’ indicates that the officers first issue notices to such erring firms and then even in some cases their GST numbers are too freezed.
But this action is just for name sake as after understanding with the culprit firms the freezed accounts of the firm are reopened with the officers taking hefty amount. There is no action against the culprit firms and they are free to loot public wealth with shelter of officers. But the net result is huge loss of the government exchequer in form of tax evasion worth crores of rupees.
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