Seems like troubles are not over for Uttar Pradesh businessman Piyush Jain.
After coming under scanner in 2021 for raids in his premises and recovery of Rs 200 crore, the businessman and his associates now are facing the heat from the Directorate General of GST Intelligence.
According to reports, the DGGI has now imposed a tax liability of Rs 497 crore on Piyush Jain and his three firms, including M/s Odocham Industries, M/s Flora Naturale, and M/s Odosanth Inc. Along with this, a charge sheet is set to be filed against Uttar Pradesh businessman Piyush Jain and his associates by the Directorate.
It may be recalled that Kanpur based businessman Piyush Jain came under the scanner after over Rs 200 crore in cash was seized from his premises during raids by central agencies in 2021.
As per reports, Piyush Jain and his 14 associates have been asked to pay an additional Rs 290 crore by the DGGI. The agency has also issued a notice to six firms, including three of Piyush’s firms, and eight directors and partners.
Jain was arrested on 26 December, 2021 following accusations of evading tax by the Director General of GST Intelligence (DGGI). The DGGI is said to have already sent notices to all the accused.