Punjab Finance Minister reveals state Tax Department's Enforcement Wing uncovered fake billing scams worth thousands of crores, involving gold and iron firms.
Punjab Finance Minister Harpal Cheema reveals that an investigation by the state Tax Department's Enforcement Wing uncovered fake billing scams worth thousands of crores. Two gold firms faked bills of Rs 860 crore, while 303 iron firms involved in fraudulent billing amounting to Rs 4,044 crore. Additionally, 68 firms engaged in fake billing of Rs 533 crore after registering their firms in others' names. The Punjab government has cancelled the registrations of these firms and a case has been registered against 11 people.
July 26, 2024
3 Articles