National

Telangana to crack whip on commercial tax evaders

Our Bureau Hyderabad | Updated on December 29, 2014 Published on December 29, 2014

The Telangana Government is gearing up to crack the whip on business establishments that were evading commercial taxes in the name of “zero business.”

The State Minister for Commercial Taxes T Srinivas Yadav, who held a review meeting with senior officials in the department, said almost 30 per cent of the businesses in the State were going on without paying taxes.

A majority of the traders are paying taxes honestly, but a sizeable chunk of the businesses were operating under “zero business”, he told media persons after the review meeting.

In the name of ‘zero business’, traders would show their business as zero trading by fudging bills and showing lesser turnovers.

The Minister said he has given directions to the deputy commissioners in the department to increase their field visits, particularly in Hyderabad and Ranga Reddy districts and scrutinize the zero-business trading houses more elaborately to detect tax evasion.

He pointed out that most of the zero-business was taking place in gold and imitation jewellery, coir and rubber material, pan masalas, steel and furniture, cigarettes, sugar, pulses and flour, electrical and electronic accessories, computer spare parts, flex banner rolls, timber trading, metal scrap, fancy articles, toys and cosmetics, construction material, automobile spares and transport businesses.

Published on December 29, 2014
This article is closed for comments.
Please Email the Editor