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Tax evading pharma firm operating without registration
2/26/2016 11:52:48 PM

Early Times Report
JAMMU, Feb 26: A tax evader Ayurvedic medicines distributor is allegedly operating in State under fake registration.
Sources informed Early Times that a Kashmir based distributor of Ayurvedic Medicines, is evading huge tax, as he is running his business across the State without any registration.
"The owner of the firm belongs to Kupwara district of Valley and has his outlets in various parts of the State", they added.
They alleged that since the accused has no proper registration, he was causing huge loss to State exchequer, by evading tax. "It has been brought into the notice of anti-graft agencies that a distributor is supplying Ayurvedic Medicines to number of shops in J&K on basis of fake registration", sources said, adding that the firm is being operated from various parts of the State on same registration number.
"The firm is running illegally, under a 'fake' registration number and the distributor is running his business from Srinagar, Jammu, Poonch and other areas, without mentioning his TIN number", source alleged, they further said that the proprietor needs to be booked for un-authorized distribution of medicines.
"The identity card issued by the said firm has address of Srinagar and the stamp (seal) has address of Jammu. It is also brought into the notice of a premier investigating agency of the State", sources informed.
"Due to some complaint against the firm lodged by people, following an advertisement published in Kashmir based newspaper for appointment of salesman, a new firm was established by the owner, under same registration number", they claimed.
When contacted, sources in Crime Branch said that the department has received complaint and investigation could be initiated any time.
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