Surat : Famous Ice-Cream Brands Under SGST Scrutiny for cash transactions

SURAT, GUJARAT : The State Goods and Service Tax (SGST) department in Surat has unearthed serious irregularities within renowned ice-cream brands, including Bismillah and 51-Rainbow. The investigation revealed cash transactions worth Rs 2 crore from both groups and their franchises.

The SGST Investigation

The SGST officials conducted an investigation into the financial operations of various ice-cream brands in Surat, leading to shocking discoveries.

Bismillah’s Alleged Transgressions

Bismillah, known for its ‘B’Creamy’ franchises, was found to have over 30 operating outlets in Surat, many of which lacked formal agreements with the parent company.

51-Rainbow’s Involvement

Similarly, 51-Rainbow was implicated in the irregularities, with SGST officials uncovering significant cash transactions amounting to Rs 50 lakh.

Cash Transactions Unearthed

The investigation revealed that both Bismillah and 51-Rainbow had evaded substantial amounts of GST by accepting cash payments, totaling Rs 1.50 crore and Rs 50 lakh, respectively.

Impact on GST Revenue

These clandestine cash transactions have had a detrimental effect on GST revenue, highlighting the need for stricter enforcement and oversight.

‘B’Creamy’ Franchises Operating Without Agreements

The discovery of numerous ‘B’Creamy’ outlets operating without formal agreements raises concerns about accountability and regulatory compliance.

PetPooja Billing Software Under Scrutiny

The widespread use of PetPooja billing software in Gujarat establishments, which reportedly facilitates the deletion of bills, has compounded the issue of tax evasion.