GST Officers Arrested Businessman For The usage of Faux Rs 60 Crore Expenses
The company had allegedly availed and utilised ITC on pretend invoices of Rs 60 crore, reputable stated.
Thane:
The landlord of a metal corporate in Maharashtra’s Thane district has been arrested for allegedly availing enter tax credit score the use of pretend invoices to the track of Rs 60 crore, an reputable stated on Thursday.
The Items and Services and products Tax (GST) Commissionerate in Navi Mumbai busted a pretend ITC racket of Rs 10.68 crore and arrested the owner of Navnit Steels on Wednesday, the reputable stated.
The company had allegedly availed and utilised ITC on bogus invoices of Rs 60 crore, he stated.
The company dealt in uncooked fabrics and completed items of aluminium and metal. Then again, the investigation printed that the landlord had availed and handed on pretend ITC from more than a few bogus corporations, the reputable stated.
The accused has been arrested below related provisions of the Central Items and Services and products Act, 2017 and was once produced sooner than a Justice of the Peace on Thursday, he stated.
As part of an anti-evasion pressure, 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 liberate mentioned.
