11 distilleries cooked books, caused Rs 13,000 crore tax shortfall: CAG
A compliance audit of income tax collections from distilleries and breweries in several Indian states has revealed significant under-reporting of sales, resulting in estimated tax implications of Rs 12,800 crore over a 10-year period. The Comptroller and Auditor General found deficiencies in income tax assessment units and recommended systemic improvements to prevent such discrepancies in the future.
A compliance audit of income tax collections from distilleries and breweries in several Indian states has revealed significant under-reporting of sales, resulting in estimated tax implications of Rs 12,800 crore over a 10-year period. The Comptroller and Auditor General found deficiencies in income tax assessment units and recommended systemic improvements to prevent such discrepancies in the future.
