Search

Former Manager of Export Business Jailed for GST Fraud - Penalty Is More Than Half A Million

Suneel Ramchandani (“Suneel”), the former manager of Indibiz, an export business for luxury watches and electronic products, has been charged and convicted for making fictitious declarations to enable Indibiz to claim GST refunds totalling $178,314.82. Suneel faced a total of eight GST evasion charges for fabricating false claims to wilfully assist Indibiz to obtain GST refunds that Indibiz was not entitled to. He pleaded guilty to four out of the eight GST evasion charges, involving a total GST amount of $178,314.82, with the other four remaining GST evasion charges being taken into consideration for the purposes of sentencing. The Court sentenced Suneel to 8 months’ jail and ordered him to

Director sentenced to 6 weeks’ jail and penalties for fraudulent GST claims

IRAS audit uncovers fraudulent claims Robofusion Asia Pte Ltd (“Robofusion”), a company that supplies robotic ice-cream kiosks, has been convicted of evading the Goods and Services Tax (GST) by overstating GST input tax on its GST return. Robert Taramelli (“Taramelli”), the company director, was also convicted for his role in assisting the company to evade GST. Court Sentences For his offence of wilful intent to assist Robofusion to evade tax, Taramelli was sentenced to 6 weeks’ in jail and ordered to pay a penalty of $107,003.55, which is three times of the GST input tax of $35,667.85. Robofusion was sentenced to pay a penalty of $107,003.55, which is three times the amount of GST undercha

  • Facebook - Black Circle

© 2012 GSTax Consultancy Pte Ltd 

GSTax Consultancy is registered as a tax consulting firm with ACRA

GST Infoline: (65) 6652 5509 | Ask@GSTaxConsultancy.com

(UEN: 201307972K)