IT Dept evaluating Sales Tax Dept’s list of suspicious dealers

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Maharashtra Sales Tax Department has recently published a list of suspicious dealers, who have issued false bills without delivery of goods. The list is available on Sales Tax Department’s website - and contains names of 698 dealers along-with their registration numbers. The list also refers these dealers as “Hawala dealer”.


Based on this list, Income tax department has started scrutinising all the transactions with these parties during the ongoing assessments. The deduction for ‘bogus’ purchases and benefits associated with fictitious sales, in such cases will be denied, said an IT department official.  


Also, heard that the list is being shared with other Government departments (such as excise) to find out cases of tax evasion.