The firms were under scanner through the GST portal; there were also indications of bogus billing
The Uttar Pradesh GST Department has taken action in various places in the state including Noida, and simultaneous raids are being conducted in 71 districts and 72 places have been raided in Noida. Lakhs of rupees have been recovered in these raids, along with documents and other items.
The action has been taken on the complaint of loss of revenue by tax evasion.
Raids are being conducted at various shops, including scrap, hotels, and furniture shops. The local police have also been involved in the action.
According to the information received, these firms were being continuously monitored through the GST portal. There were also indications of bogus billing.
After receiving the information, the GST teams started conducting raids on Monday afternoon. The process is underway in Sector-9, 10, Phase-2, Dankaur, and Shahberi in Noida.
There are big furniture firms at these places in Noida, including shops where second-hand furniture is bought and sold on a large scale.
In November, a joint team of the GST and Income Tax Department took action against United Exim Export Company located in Sector-68, Noida. Rs.60 Lakh was recovered in cash in the raid and a fine of Rs.4.6 crore was imposed on the company.
[With Inputs from IANS]
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