Maharashtra businessman nabbed as for INR 45 cr fake bills scam | GST News 

Maharashtra businessman nabbed as for INR 45 cr fake bills scam | GST News 

Maharashtra businessman nabbed as for INR 45 cr fake GST bills scam

This is news regarding Maharashtra businessman nabbed as GST sleuths bust Rs 45 cr fake bills scam on 4th November 2022.

An official said here on Friday, the Maharashtra Goods & Services Tax Department has busted a GST scam involving fake invoices worth Rs 45 crore and arrested a businessman for the alleged fraud. Launching a special operation, GST sleuths raided Arnav Creations on Wednesday as part of the ongoing probe into the malaise of fraudulent invoices to cheat the exchequer.

The team of Assistant Commissioners Arjun P. Suryawanshi, Ramesh Awaghade and Pradnya Brahmande, along with Inspectors, implemented the operation with guidance from State Tax Joint Commissioner Anil Bhandari and Deputy Commissioner Mohan R. Bagade.

Jagdish Jagannath Patil, 48, who is said to be the proprietor of Arnav Creations, with a GST Registration in the firm’s name since August 2018, was apprehended in the raid.
The probe revealed that Patil had availed fake Input Tax Credit of Rs 7.08 crore from certain non-existent tax-payers by means of returns only and without any movement of GST Rs 47 crore.
In this manner, he passed on the credit of Rs 6.79 crore without actually supplying goods or services worth Rs 45 crore.

Patil was produced before the Esplanade Court Additional Chief Metropolitan Magistrate in Mumbai who sent him to 14 days of judicial custody, said Suryawanshi.
In the current financial year, this is the 49th arrest made by the department which has again sternly warned tax evaders to beware of declaring bogus turnover and claiming fake ITC benefits.

Source: Ommcom News

For any further clarification/doubt, feel free to contact GST professional. Our team of GST experts assist in comprehensive matters in regard to GST.


Leave a Reply

Your email address will not be published. Required fields are marked *