Restaurant Sales Underreporting Exposed Across India
NEW DELHI – The Income Tax Department has uncovered significant underreporting of sales in the food and beverage sector, potentially reaching ₹408 crore.
- Nationwide Operation: Surveys targeted 62 restaurants in 46 cities across 22 states on March 8th.
- AI Analysis: Investigators utilized AI to analyze data from 1.77 lakh restaurants, revealing discrepancies.
- Taxpayer Nudge: A “SAKSHAM NUDGE” campaign encourages restaurants to rectify errors by filing updated returns before March 31st.
- Previous Investigation: This follows a probe into a Hyderabad biryani chain allegedly suppressing ₹70,000 crore in sales.
