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Watch out! VAT dept recovers Rs 1 crore from dealers for illegal business
The Delhi government has recovered Rs one crore from 50 dealers who were doing business `illegally` in the national capital, thanks to its `Bill Banvao Inam Pao Scheme`, launched two months back to boost the revenue.
New Delhi: The Delhi government has recovered Rs one crore from 50 dealers who were doing business "illegally" in the national capital, thanks to its 'Bill Banvao Inam Pao Scheme', launched two months back to boost the revenue.
"These 50 dealers are those whose TINs were cancelled by the department," VAT Commissioner SS Yadav said.
Under the scheme, DVATBILL app was launched in January this year to encourage people to upload the bills of their purchase.
"After purchasers upload their bills on the app, our officials examine them. We found that 50 dealers were doing business on their cancelled TINs in January and February. We have recovered Rs one crore as tax and penalty from them," Yadav said.
He further said that trade and taxes department received over 4,000 bills in January through the app while 8,339 bills were uploaded in February.
The department is expected to catch more illegal dealers in March as the scheme has become instant hit among people of Delhi, Yadav said.
One per cent of valid entries get prize equal to 5 times the bill amount through lucky draw.
The bills uploaded by people of Delhi have helped the VAT department in catching tax evaders, dealers doing business on cancelled and invalid TIN, and dealers manipulating their records to evade tax.