Income tax authorities are investigating Hero MotoCorp’s dealings with vendor Salt Experiences, suspected of reporting false expenditures totaling about ₹90 crore ($11 million). This led Hero MotoCorp to gain a tax credit, raising concerns of tax evasion of around ₹16 crore. The Directorate General of Goods and Services Tax Intelligence (DGGI) is conducting the investigation, monitored by agencies including the Directorate of Enforcement (ED) and the Ministry of Corporate Affairs (MCA). Earlier, the ED had searched premises of Hero MotoCorp and its chairman, seizing assets worth $3 million in a separate case. Hero MotoCorp denies ongoing investigations.
Hero MotoCorp’s relationship with a vendor will be investigated by the I-T department.
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