Kerala GST dept raids jewellery shops, unearth Rs 100 cr sales suppression

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....erala GST dept raids jewellery shops, unearth Rs 100 cr sales suppression<BR>GST<BR>Dated:- 29-8-2025<BR>PTI<BR>Thiruvananthapuram, Aug 29 (PTI) The state GST department unearthed sales suppression wo....

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....rth over Rs 100 crore in a major operation codenamed 'Arkenstone' after raids in jewellery shops in Thrissur, officials said on Friday. The raids, which began at 4.30 pm on August 26 and concluded th....

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....e next day, were carried out by around 200 officers from the State GST Intelligence and Enforcement wing, the Additional Commissioner of GST said in a statement. Simultaneous searches were conducted ....

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....at 42 locations, including the establishments and residences of 16 jewellery traders in the central Kerala district. During the operation, 36 kg of unaccounted gold stored illegally was seized, offic....

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....ials said. From initial findings, the department has already recovered over Rs 2 crore in tax and penalties. State GST Commissioner said strict action would continue against those involved in tax eva....

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....sion. The operation was named 'Arkenstone' after the precious jewel in JRR Tolkien’s children's fantasy novel, 'The Hobbit'. Last year, in a similar drive codenamed 'Torre del Oro'—after the Gol....

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....den Tower of Seville in Spain—the department had raided 75 places in Thrissur, seizing 105 kg of unaccounted gold from 35 jewellery firms. Thrissur is a major hub of jewellery manufacturing and des....

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....igning in Kerala, GST officials added. PTI TBA HMP SSK HMP SSK KH<BR> News - Press release - PIB....