Gensol employees face threat of double tax liability

This leaves approximately 2,200 former employees of the group in a state where they may have to pay taxes to the income tax department again, because the Indian law holds responsible for paying taxes even in places where the employer is wrong, despite more than one court order.

Group companies have not paid any salary since March 2025, former executives do not want to be open to the public with the surrounded group about anonymity.

Gensol Engineering and Blusmart Mobility went bankrupt in the accusations of supporters who siphon the rupy and misleading investors, and in accordance with the 2016 Bankruptcy and Bankruptcy Law, it was passed separately from corporate bankruptcy.

One of the executives who left the company months before the company fell, “They have not paid TDS since April 2024. I have not yet given my tax return. I do not know what to do,” he said.

This administrator added that the employees did not receive the Form 16 for the previous financial, and that even if the last date of September 15 approaches, they put them on the files. Form 16 is a TD certificate provided by the employer who helps employees to reconcile tax deductions and is an important document for tax return.

A second former manager, who is directly aware of the HR applications of the company, said that Gensol has invested TDS Lumpsum with a habit at the end of the year instead of making a monthly deposit.

“They would always pay TDS late with penalties. Anmol (supportive Anmol Singh Jaggi) said this is the usual application of the company.” He said. “At a meeting with CXOS in March, he said he would pay TDS until April 15th. This never happened.”

The second manager added that there is no working control panel and that the payrolls were made by hand ”.

The queries sent to Supporters Anmol Singh Jaggi and Puneet Singh Jaggi on Monday remained unanswered from the press time on Tuesday.

In the meantime, Gensol Engineering’s temporary solution professionalism Keshav Khaneja said that everyone could not access their employee salaries or TDS data because he left the company. Trying to bring information about the working dues waiting.

Law vs courts

Legal experts, 1961, in accordance with the income tax law, the employer does not invest the TDS in the tax department, even if the responsibility is lying on the employee. Although this decided to the high courts of Delhi, Karnataka and Gujarat, the employee is not responsible.

The case brings the return of the famous bankruptcy of Kingfisher Airlines, where thousands of employees were left without paying and TDS was not similar to the tax department. The employees then received tax declarations and asked many of them to carry the court.

Finally, Delhi, Karnataka and Gujarat high courts decided that employees were not responsible for separate employees and that the authorities should save the fees from the airline.

More recently, thousands of employees of the surrounded Edtech platform found themselves in a similar puzzle. Last September, the Supreme Court of Bombay made a decision that the employees were not responsible for the unpaid TDS when the employer went bankrupt.

“Unfortunately, this relief is flowing from the judicial explanations, not from the charter itself.

Background

The Gensol Group employed approximately 2,200 people in various companies, including flagship Gensol Engineering, Driving Sharing Platform Blusmart Mobility and Gensol Electric vehicles, Gensol Evivalism and Matrix Gas and Renewability.

When the company went to Kaput in the night of this year, many jumped to the first proposal, former executives, most of them were hoped to recover their unpaid dues.

Indian securities and stock exchange Board (Sebı) gave a temporary order against Gensol Engineering LTD and its supporters on April 15th. The regulator accused the Rupi Rupi siphons from the company for personal expenses and said that the company on the Mumbai list was a complete breakdown of internal controls and corporate governance norms.

“Organizers, like a registered company, the company’s funds, the funds of the company, the funds of the company were the Piggybank of the organizers.”

Sebi said that the guided funds will ultimately be written from the books of the company and cause the losses of investors.

Sebi’s last order in the case is still on waiting.