Jabalpur (Madhya Pradesh): The department of Commerce raided two tyre oil giants of Jabalpur district and unearthed a whooping tax evasion of Rs 3 crore. The search operation started on May 26 and continued for 5 days.
Additionally, two companies involved in the illicit activities will face deregistration as a consequence of their actions. The Department of Trade and Commerce has emphasized its commitment to combating tax fraud and ensuring strict compliance with regulations.
The investigation has revealed that traders had been concealing their tax liabilities and manipulating records to avoid paying their fair share. As a result, they accumulated substantial profits while depriving the government of much-needed revenue.
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