Mukesh Ambani Reliance Jio Fraud scheme
Mukesh Ambani’s Reliance gave a patriotic order to China to produce 30 million Jio Mobiles.
Reliance will import and Indians will be able to use the phones with a “security deposit” of Rs.1500 for each phone.
But they will not sell the mobiles.
FRAUD #1 – If there is no sale, then 28% GST Will Not Be Paid to Government!
28 percent of the GST on Rs.42 Billion Crores of means Fraudulent Tax Evasion of 12600 Crore.
Again, Reliance will return 1500 rupees after three years and will not get the phone back;
FRAUD #2 – Because these 30 million phones be shown as expenditure of Rs 45 lakh crores this reducing tax liability!
That means the income tax will be reduced by about Rs.15 million crores.
That envisages Rs.15 million crores of revenue loss. But for that Reliance need not have to spend any money, but account for the entire expenditure in the name of security deposit.
Three victims at one stroke:-
1) If the government loses tax on GST.
2)Another Rs.15 million crores evaded from income tax.
This will lead to a One-sided capture on the market for at least 3 years.In the mean time we fools are boycotting Chinese made Rakhis and Diwali lights, but the government seems to be turning a blind eye to this massive order for Chinese mobiles.and the blatant evasion of taxes by the richest man of IndiaKindly share as much as you can.