‘SP means corruption’: BJP lashes out after Rs 150 cr cash found in IT raids at businessman who made ‘Samajwadi perfume’

The BJP at this time accused the opposition Samajwadi Occasion of corruption after money price over Rs 150 crore was recovered in tax raids on the home of the businessman who manufactured Samajwadi fragrance which was launched by Akhilesh Yadav final month.

“Fragrance’s speciality is its perfume. But when the fragrance will get within the fingers of the SP, they even kill its perfume too. SP means corruption in all places….it isn’t new, it’s the usual SP,” mentioned the BJP.

It additionally mentioned that Akhilesh ji couldn’t cover the ‘odor of corruption’ with Samajwadi fragrance. “That is the true color of the Samajwadi leaders. Akhilesh ji couldn’t cover the ‘odor of corruption’ with Samajwadi fragrance. Crores and crores of black cash is exposing your false socialism,” mentioned the saffron celebration. Based on experiences, Piyush Jain is the proprietor of round 40 firms together with shell firms.

The Revenue Tax Division yesterday carried out raids on the premises together with home, manufacturing facility and petrol pump belonging to fragrance dealer Piyush Jain in Kanpur, Kannauj, Mumbai and Gujarat. {A photograph} of the raid has gone viral through which earnings tax officers had been seen counting piles of money utilizing money counting machines.

“A case of pretend invoicing and pretend credit score reported. GST regulation is that in case your bill is greater than a sure restrict then you must generate invoices. In search we discovered an merchandise on which GST tax fee is of 28% plus cess…Probe revealed that these individuals had been dispatching materials with none bill and e-way payments. 2-3 events are concerned on this. All of the invoices we discovered had been pretend. Worth of the merchandise suppressed. Investigation at preliminary stage, search on,” mentioned Vivek Johri, Chairman, CBIC.

Whereas the tax raids had been initiated by GST officers, the officers from the Revenue Tax Division and DGCI had been additionally roped in. The raids had been additionally carried on the premises belonging to a pan-masala producer and a transporter. It was reported that the pan-masala producer was transporting items utilizing pretend invoices and with out producing e-way payments. Alternatively, the transporter generated pretend invoices within the title of non-existent companies holding the quantity under Rs 50,000 for one truck to keep away from the technology of e-way payments.