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Delhi banquet halls get notices for 'massive' tax evasion in wedding biz

Based on GST records, the income tax department's investigation arm has begun to piece together the evidence and send out notices

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The income tax department is worried that cash in circulation has risen to 14.6 percent of the broad money, as per data from the Reserve Bank of India July 1, 2022

Subhomoy Bhattacharjee New Delhi
Tax notices are going out to hundreds of banquet halls and other wedding-related entities in Delhi, as the authorities say they have discovered huge evasions in the business.

“We found less than 20 events reported from Delhi NCR where the expenditure was above Rs 2 lakh each, in the past one year”, said a tax official aware of the developments.

If taken at face value, it would mean that each event in banquet halls accommodated only about 100 people per night, assuming an average plate charge of Rs 2,000 per person. There is no inventory of wedding-related venues in Delhi NCR, with