Mumbai: Officers from Palghar Commissionerate of Middle Goods and Tax Services (CGST) Mumbai Zone arrested an accountant to issue a fake bill more than Rs 1,000 Crore and conduct tax credits (ITC) GST fraud input from RS 181 Crore.
“Based on certain inputs received from data mining and data analysis of one M / S entity Nithilan business is allegedly involved in availing and delivering fake tax credit input by publishing fake invoices without receipts or supplying goods or services, which are actually officers from Palghar Commissionerate Through an investigation, “the official statement rang.
The Commissionerate said that a 27-year-old man, who works as a freelancer accountant cum GST consultant, cheat and steal the identity of one of his clients to commit GST fraud for monetary benefits.
“Material evidence confrontation for accountants made him recognize the violation issued a fake bill more than Rs 1,000 Crore and held and passed from fake ITC from RS 181 Crore without the movement of goods,” he said.
Recognition and evidence collected during his investigation caused his arrest by CGST officers on January 25, 2022, based on Section 69 of the CGST 2017 Law for violations that could be punished by article 132 of CGST ACT 2017.
The defendant was produced before the Additional Metropolitan Head of Judge, Mumbai On January 25, 2021 and was handed over to court detention 14 days.
“If it is proven guilty, the person may face imprisonment for up to five years well,” he added.
It is thought that it is part of a larger network that lures innocent people to get GST registration and then steal this registration.
These stolen identities are used for generations, availing and conveying false ITC, without actual supply or receipt of goods or services.
All efforts made to identify and arrest Kingpin and other members and beneficiaries of this network.
The Commissionerate further said that this case from fake detection ITC rackets was part of the Crusades of the anti-evasion drive launched by CGST, Mumbai zone against fraudsters and taxpayers who have created unhealthy competition with honest and obedient taxpayers and deceive government treasurer.
As part of this, Palghar Commissionerate has detected tax evasion from Rs 460 Crore, recovered Rs 12 Crore and arrested two people so far.
The CGST department will intensify this drive to fraudsters and taxpayers in the coming days, he added.
Accountants are held for RS 1,000 Crore-Fraud
