DGGI gives 'duo' 30 days for Rs 40,603 cr GST reply
The Directorate General of GST Intelligence (DGGI) has issued a 30-day deadline for Saurabh Chandrakar and Ravi Uppal, along with other individuals, to respond to show-cause notices proposing a combined GST liability of over Rs 40,603 crore. The notices, issued by the DGGI's Raipur Zonal Unit, allege non-payment of GST and demand tax and penalties related to allegedly unreported transactions between April 2020 and March 2024.
The assessed taxable value of these transactions amounts to Rs 1,45,010.77 crore, with the liability including Rs 35,517.22 crore for the period April 1, 2020 to September 30, 2023, and Rs 5,085.80 crore in IGST for October 1, 2023 to March 31, 2024. Chandrakar and Uppal are named as promoters in the notices, which were served on August 26.
The DGGI's probe is part of a broader investigation into irregularities surrounding Mahadev Online Book, a betting application allegedly generating proceeds of crime worth Rs 4,000-5,000 crore annually. The probe has alleged that Mahadev operated as an umbrella syndicate facilitating online betting through various platforms, with funds laundered through a network of benami bank accounts.
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