<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>CPL (kojakbt22) <NOBR>
</NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>6:33 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 1) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>25377.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Dec 5, 2009
Man faces 62 GST fraud charges
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Mahesh Kumar is accused of helping three firms to evade GST between 2004 and 2007. -- ST PHOTO: WONG KWAI CHOW
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A BUSINESSMAN was charged yesterday with 62 counts of fraudulent evasion of goods and services tax of about $2 million - the biggest GST fraud case in Singapore to date.
Indian national Mahesh Kumar Goenka, 53, is accused of helping his companies Lalasis Trading, Lachem Trading, as well as Zirco International, a sole proprietorship dealing in electrical and electronic goods, evade GST between 2004 and 2007.
The Singapore permanent resident faces 53 charges of making false entries in the GST returns of the three businesses, which resulted in the undercharging of tax of between $3,915 and $90,540.
Nine other charges state that he omitted output tax of between $8,690 and $18,857 in Lalasis' GST returns with intent to assist the company to evade tax.
His lawyer, Mr Bhagwandas Mahtani, told the court yesterday that he had just been briefed on the case and will be making representations.
Inland Revenue Authority of Singapore principal legal officer Patrick Nai sought bail of $200,000 and for Mahesh Kumar's passport to be impounded.
He said Mahesh Kumar had no assets in Singapore and had since stopped doing business in respect of the three firms.
Mr Nai said the charges were serious and involved substantial amounts.
If convicted, Mahesh Kumar faces a fine of up to $10,000 and/or a jail term of up to seven years plus a penalty of three times the amount of tax undercharged on each charge.
His next court appearance is on Jan 8 next year.
[email protected]
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Man faces 62 GST fraud charges
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<!-- story content : start -->
A BUSINESSMAN was charged yesterday with 62 counts of fraudulent evasion of goods and services tax of about $2 million - the biggest GST fraud case in Singapore to date.
Indian national Mahesh Kumar Goenka, 53, is accused of helping his companies Lalasis Trading, Lachem Trading, as well as Zirco International, a sole proprietorship dealing in electrical and electronic goods, evade GST between 2004 and 2007.
The Singapore permanent resident faces 53 charges of making false entries in the GST returns of the three businesses, which resulted in the undercharging of tax of between $3,915 and $90,540.
Nine other charges state that he omitted output tax of between $8,690 and $18,857 in Lalasis' GST returns with intent to assist the company to evade tax.
His lawyer, Mr Bhagwandas Mahtani, told the court yesterday that he had just been briefed on the case and will be making representations.
Inland Revenue Authority of Singapore principal legal officer Patrick Nai sought bail of $200,000 and for Mahesh Kumar's passport to be impounded.
He said Mahesh Kumar had no assets in Singapore and had since stopped doing business in respect of the three firms.
Mr Nai said the charges were serious and involved substantial amounts.
If convicted, Mahesh Kumar faces a fine of up to $10,000 and/or a jail term of up to seven years plus a penalty of three times the amount of tax undercharged on each charge.
His next court appearance is on Jan 8 next year.
[email protected]
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