State Taxes recover Rs 7.82 cr GST revenue

State Taxes recover Rs 7.82 cr GST revenue

Dimapur, July 15: The Department of State Taxes, Nagaland recovered Rs 7.82 crores (CGST+SGST) after timely detection and adjudication process.
The amount was wrongfully deposited by M/s Gayatri Projects Ltd as IGST while filing the GST returns on July 20, 2018 for February-March 2017-18 and on July 21, 2018 for April-May 2018-19.
According to Commissioner of State Taxes, Nagaland, Kesonyu Yhome, IAS, the case was detected while examining the July 2018 IGST fund settlement statement received from the Centre. Upon detection of certain abnormality wherein the said firm paid IGST to the tune of Rs 7,82,80,179 while filing returns for the period Feb-March 2017-18 and April-May 2018-19, when the firm should have deposited the said tax as SGST and CGST.
The detection and adjudication process was initiated by Superintendent of Taxes, Kohima Ward A, Yanbeni Humtsoe under the supervision of Wochamo Odyuo, Additional Commissioner of Taxes, Nagaland.
Kesonyu Yhome said M/s Gayatri Ltd is a prominent registered tax payer in the state of Nagaland. As per the GST law, the firm is required to file regular return and pay tax in time.
Timely and appropriate adjudication processes was initiated by the jurisdictional authority (Superintendent of Taxes, Kohima Ward A) leading to the recovery of the amount on May 6 last. The recovered tax was CGST and SGST revenue, accrued during the return period of February-March 2017-18 and April-May 2018-19 respectively, he said.
Meanwhile, the Commissioner of State Taxes has advised all tax payers to file timely returns and make payments as per standing notification issued by the Department from time to time in order to obviate similar situations so as to ensure a seamless and robust tax environment in the State. (Page News Service)