Amid controversy over the Hindenburg Research report which has made a slew of allegations against the business conglomerate led by industrialist Gautam Adani, Parwanoo South Zone Enforcement wing of Himachal Excise and Taxation Department inspected stocks of Adani Wilmar Ltd at Parwanoo late Wednesday evening.
It was a routine inspection of stock, news agency PTI quoted officials of the excise and tax department as saying.
The company, engaged in warehousing of Kirana (grocery items), also provides goods to the civil supplies department and police department in the state, the report said. It logged a business of Rs 135 crore last year.
The company’s entire GST input was adjusted through tax credit but no payment was made in cash, the excise department has said.
Seven companies of the Adani Group are doing business in the state, the report said.
Officials, however, did not find any irregularities in the operations and dealings conducted by the company. “We would like to clarify that the concerns specific to GST payments in cash, citing GST law under Rule 86B, company is not required to pay tax liability in cash,” officials said.
(With PTI inputs)
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