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18 Tax Defaulters Owe Rs 500 Crore to Exchequer, says Revenue Department

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The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.

Out of the 18 defaulters, 11 are Gujarat-based, including Somani Cement with tax arrears of Rs 27.47 crore; Blue Information Technology (Rs 75.11 crore); Appletech Solutions (Rs 27.07 crore); Jupiter Business (Rs 21.31 crore) and Hirak Biotech (Rs 18.54 crore), according to the list released by the Central Board of Direct Taxation.

18 Tax Defaulters Owe Rs 500 Crore to Exchequer
 

The other Gujarat-based companies which figured in the defaulters list include Icon Bio Pharma & Healthcare (Rs 17.69 crore), Banyan & Berry Alloys (Rs 17.48 crore), Laxminarayan T Thakkar (Rs 12.49 crore), Virag Dyeing & Printing (Rs 18.57 crore), Poonam Industries (Rs 15.84 crore), Kunvar Ajay Food (Rs 15 crore).

Besides, other companies in the list include Jaipur-based Goldsukh Trade India (Rs 75.47 crore), Kolkata-based Victor croreedit & Construction (Rs 13.81 crore), Mumbai-based Noble Merchandise (Rs 11.93 crore).

The list also include legal heir of Pune-based G K Dharne involving a tax default of Rs 38.31 crore.

PTI

Read more about: tax revenue
Story first published: Thursday, March 26, 2015, 15:59 [IST]
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