Rs 230 cr tax evasion by mobile phone dealers

Unearthing major tax evasion, Delhi Government has detected swindling of tax to the tune of staggering Rs 230 crore by mobile phone dealers who imported handsets from China and sold them “illegally”. Top officials in the tax department said apart from evasion of tax, the dealers were found selling Chinese mobile phones not having the mandatory International Mobile Equipment Identity (IMEI) number, which could pose a major security threat.

“We have detected evasion of Rs 230 crore by 59 mobile phone dealers in the city. These dealers were selling the handsets without payment of Value Added Tax (VAT). We have now issued notices to them,” an official told PTI.

The tax department had conducted a series of raids on the mobile phone dealers in Karol Bagh and Gaffar market in the last few months after getting inputs from the Customs department.

Related posts:

  1. All about trading in shares through Mobile Phone
  2. Your Mobile Phone will be Banned in 2009 if it doesnt have IMEI Number
  3. Credit on Mobile Phone Bill is admissible when the calls made from the mobile were relatable to the business of the assessee even when such phones were not installed in their premises.
  4. Transfer funds to any bank account via mobile phone
  5. Bajaj Allianz launches instant tax calculator for mobile phones

Write a Comment

Copyright © TaxGuru 2011. All Rights Reserved.
About Us - Advertise - Privacy Policy - Back to top