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GST Officers Arrested Businessman For Utilizing Pretend 60 Crore Payments In Maharashtra’s Thane


GST Officials Arrested Businessman For Using Fake 60 Crore Bills

The agency had allegedly availed and utilised ITC on faux invoices of Rs 60 crore, official mentioned.

Thane:

The proprietor of a metal firm in Maharashtra’s Thane district has been arrested for allegedly availing enter tax credit score utilizing faux invoices to the tune of Rs 60 crore, an official mentioned on Thursday.

The Items and Companies Tax (GST) Commissionerate in Navi Mumbai busted a faux ITC racket of Rs 10.68 crore and arrested the proprietor of Navnit Steels on Wednesday, the official mentioned.

The agency had allegedly availed and utilised ITC on bogus invoices of Rs 60 crore, he mentioned.

The agency dealt in uncooked supplies and completed items of aluminium and metal. Nevertheless, the investigation revealed that the proprietor had availed and handed on faux ITC from varied bogus companies, the official mentioned.

The accused has been arrested below related provisions of the Central Items and Companies Act, 2017 and was produced earlier than a Justice of the Peace on Thursday, he mentioned.

As part of an anti-evasion drive, the Navi Mumbai Commissionerate has detected tax evasion of Rs 425 crore, recovered Rs 20 crore and arrested 11 individuals not too long ago, a launch acknowledged.



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