A six-member team of Directorate General Vigilance of Inland Revenue constituted on the instructions of Member Inland Revenue visited a steel mill near Pindi Bypass, GT Gujranwala and detected massive evasion of income Tax and general sales tax (GST). The team comprising Director Vigilance Inland Revenue Tanvir Ahmad Malik, Addl. Commissioner Safdar Abbasi, Addl. Collector Zulfiqar Hasson, Auditor Sales Tax Asfandyar Khan, Senior Inspector Income Tax Gulfraz Ahmad and Inspector Income Abbas Khan spent the day to ascertain the facts, verify the declared position and the real volume of business turnover in the case and to ascertain the extent of tax evasion being made. According to the facts, as per the record available in RTO in Gujranwala two persons namely Arif Bhutta and Azam Bhutta were running the steel furnace and mainly declaring income from this source. However, in the scrutiny of the electricity bill, the main raw material being used in the furnace revealed the fact that on the average the bill came to around to Rs15 million to 20 million per month. On the basis of electricity bill, the production declared was far lower than the actual consumption and they had grossly misused the self assessment schemes announced by the government over the years as they had manipulated their accounts to fit in the scheme of assessment.
