GST Invoice Racket: GST racket busted in Mumbai, fake bills worth 41 crores found, one arrested

Posted on 19th Aug 2022 04:22 pm by rohit kumar

The team of CGST Bhiwandi Commissionerate in Mumbai has busted a big gang claiming to get Input Tax Credit (ITC) based on fake bills. ITC of 18 crores has been detected initially based on fake bills of 41 crores. The accused of a firm has been arrested in the case.

 

Sumit Kumar, commissioner of CGST Bhiwandi said that this gang was busy taking advantage of the input tax credit through fake GST challans. A firm linked to this gang had availed ITC of Rs 2.57 crore through bogus bills of Rs 14.30 crore. The owner of the firm was arrested as soon as the matter came to the fore.

 

The name of the firm whose operative has been arrested is M/s Vishwakarma Enterprises. He availed ITC of Rs 2.57 crore on fake invoices of Rs 14.30 crore. The accused has been arrested under section 69 of CGST Act, 2017 for violation of section 132 of CGST Act, 2017. He was released on bail by the Bhiwandi CGST commissioner.

 

The case is part of a special drive launched by CGST Mumbai Zone against tax fraudsters and a fake ITC network. This is the 15th case of an arrest made by CGST Bhiwandi in the last year. Further investigation is on.

 

Also Read: Gotabaya Rajapaksa trying to get US citizenship: Former Sri Lankan President applied for a green card, wife is already a US citizen

Other news

COP 27: Humanity groaning from the climate crisis, floods in Pakistan, and severe heat in Europe

The 27th United Nations Climate Change Conference (COP-27) is to be held in Sharm el-Sheikh, Egyp

Waqf Board JPC: Tenure of the committee constituted for Waqf Amendment Bill extended till budget session, proposal passed in Parliament

The tenure of the committee constituted for the Waqf Amendment Bill was extended till the last da

RCB vs GT: Kohli's fans trolled actor Arshad Warsi after he flopped against Gujarat, you will be shocked to know the reason

In IPL 2025, Royal Challengers Bangalore had to face defeat at home against Gujarat Titans on Wed

Population: Produce more children and earn millions, know why you get rewarded for increasing population in these countries

The population of the world has crossed eight hundred crores. Many countries are worried about th

UWW: Will UWW change the weight measurement rules after the Vinesh Phogat case? Decision on the silver medal may come by this evening

The Paris Olympics have ended, but Indian wrestler Vinesh Phogat is still waiting for justice. Sh

Pakistan: Pakistan is facing many serious problems including an economic crisis, claims Army Chief Munir

Pakistan is grappling with economic and security challenges these days. Meanwhile, the Chief of A

Maharashtra: Shiv Sena MLA furious over the poor quality of food, slaps employee

Shiv Sena MLA Santosh Bangar slapped an employee who was preparing a mid-day meal in Maharashtra'

Festive Season: The market running with the double engine in the festive season, benefiting from online shopping

While offline business has become normal, the online modern retail business is showing tremendous

PBKS vs RCB: Captain Shreyas Iyer furious with the defeat of Punjab Kings, vented his anger on his batsmen

Punjab Kings suffered a crushing 8-wicket defeat at the hands of Royal Challengers Bangalore in t

Russians do not want to join the army, attack recruitment centers: leaving the country against Putin's decision, and more anger in Muslim-majority Dagestan

Russia's attack on Ukraine has completed 7 months and for the first time in this war, Russian Pre