GST Officials Arrested Businessman For Using Fake ₹ 60 Crore Bills

 









The owner of a steel company in Maharashtra's Thane district has been arrested for allegedly availing input tax credit using fake invoices to the tune of ₹ 60 crore, an official said on Thursday.

The Goods and Services Tax (GST) Commissionerate in Navi Mumbai busted a fake ITC racket of ₹ 10.68 crore and arrested the proprietor of Navnit Steels on Wednesday, the official said.

The firm had allegedly availed and utilised ITC on bogus invoices of ₹ 60 crore, he said.

The firm dealt in raw materials and finished goods of aluminium and steel. However, the investigation revealed that the owner had availed and passed on fake ITC from various bogus firms, the official said.


The accused has been arrested under relevant provisions of the Central Goods and Services Act, 2017 and was produced before a magistrate on Thursday, he said.

1CommentsAs a part of an anti-evasion drive, the Navi Mumbai Commissionerate has detected tax evasion of ₹ 425 crore, recovered ₹ 20 crore and arrested 11 persons recently, a release stated.



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