The Earnings Tax Division (I-T division) on Wednesday stated that it had carried out search and seizure operations on July 27, 2022 on a number of teams engaged within the healthcare companies by working hospitals in Haryana and Delhi-NCR areas. A complete of 44 premises have been lined through the search motion, it acknowledged.
Throughout the course of the search operation, large incriminating bodily and digital proof has been seized, the division stated, including that the operation has led to the seizure of unexplained money of over Rs 3.50 crore and jewelry valued at Rs 10 crore. To this point, the unaccounted revenue of all of the teams detected in these operations, is estimated to be greater than Rs 150 crore. Greater than 30 financial institution lockers have been put underneath restraint. Additional investigations are in progress, it added.
In a press release, the I-T division additionally highlighted that the evaluation of evidences revealed that the one of many teams was sustaining a parallel set of books of account, indicating systematic under-reporting of receipts acquired from sufferers in money. The modus-operandi adopted by this group included removing of invoices or deflation of the bill quantity by marking them as “Reductions/Concessions” and many others., on the time of discharge of sufferers from the hospital. This follow, leading to evasion of revenue, is being adopted throughout all of the hospitals of the group and is unfold over numerous years.
The opposite healthcare teams lined within the search operation have been discovered to be engaged in acquiring both bogus or inflated invoices for pharmaceutical medication and/or medical units corresponding to stents, main not solely to suppression of precise earnings, but in addition overcharging from the sufferers, the I-T division famous.
The cash path discovered through the investigations has additional corroborated the truth that the teams have been receiving again money in lieu of funds made by way of banking channels for these bogus/inflated invoices. “One of many hospitals of those teams was additionally discovered to be claiming incorrect deduction over time with out fulfilling the required situations for the hospital to be eligible as specified enterprise.”
The seized proof has additionally revealed the follow of referral fee to medical doctors and clinics with out duly recording these within the books of account. The referral fee has been fastened at a proportion of invoices raised to the sufferers. Evidences pertaining to transaction of benami nature have additionally been uncovered through the search motion, it stated additional.
