Director of MLM Company Arrested for Rs 126-Crore GST Evasion in Kerala

• Director of a Thrissur-based MLM company arrested for alleged tax evasion of Rs 126 crore
• This is the biggest GST evasion case detected by the Kerala GST department
• The director was remanded in judicial custody
• The company suppressed a turnover of Rs 703 crore and had a tax liability of Rs 126.54 crore
• The company’s directors have admitted to the offence
• Kerala GST imposed a 15% penalty on the firm
• The department’s preliminary assessment suggests that the company had operations in other states and the turnover may be higher
• Criticism within the department for not freezing the company’s bank accounts

Source: a2ztaxcorp.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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