Mumbai: 2 held by CGST officials in separate cases of GST evasion

For this fraud, a web of around 15 entities was created and bogus invoices of more than Rs 84 crore were issued.

Staff ReporterUpdated: Friday, May 20, 2022, 09:37 PM IST
article-image
Photo: Representative Image

Officers of CGST Mumbai South Commissionerate on Friday arrested a Director of Mahapuja Limited for allegedly availing and passing on of fake Input Tax Credit (ITC) of Rs 16.08 crore, using bogus invoices of Rs 570 crore.

He was produced before the court and was later remanded to judicial custody for 14 days.

On Thursday, CGST Commissionerate Mumbai East of Mumbai Zone had unearthed a fake ITC Network and arrested the Director of a Kurla based company for GST fraud.

An investigation was initiated against M/s Lakshin Metals Pvt. Ltd. which revealed that fake ITC of Rs 15.26 crore was availed and passed on without actual receipt or supply of goods, in gross violation of provisions of the CGST Act.

For this fraud, a web of around 15 entities was created and bogus invoices of more than Rs 84 crore were issued.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

West Bengal: TMC demands judicial inquiry in Udaipur beheading and Reasi terrorist arrest

West Bengal: TMC demands judicial inquiry in Udaipur beheading and Reasi terrorist arrest

West Bengal: Dispute between BJP and Assembly Speaker once again over PAC chairman post

West Bengal: Dispute between BJP and Assembly Speaker once again over PAC chairman post

Tamil Nadu waiting for an 'Eknath Shinde', says BJP leader Annamalai

Tamil Nadu waiting for an 'Eknath Shinde', says BJP leader Annamalai

Karnataka: Saral Vastu exponent Chandrashekhar Guruji stabbed to death in hotel

Karnataka: Saral Vastu exponent Chandrashekhar Guruji stabbed to death in hotel

NSE co-location case: Former city top cop Sanjay Pandey appears before ED

NSE co-location case: Former city top cop Sanjay Pandey appears before ED