GST authorities arrest one in input tax credit fraud worth ₹91 cr from Thane

 







In a major drive initiated against fraudsters availing and utilizing fake input tax credit, the Thane Central GST Commissionerate arrested a mastermind, who had opened a company M/s Doshi Marketing and was operating from Bhayander West.


The accused allegedly indulged in fraudulent utilization of input tax credit to the tune of Rs 90.68 crore without receiving the goods or services in violation of the provisions of CGST Act 2017.

An official said that the firm was dealing in trading of asbestos, cotton yarn, sewing thread etc and had fraudulently taken credit of input tax showing the value of goods amounting to Rs 503.80 crore. This was a ‘paper transaction’ only without actual supply of goods and without the filing of e-way bills.

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