GST Arrests Accountant for GST Fraud of Rs.181 Cr.

GST Arrests Accountant for GST Fraud of Rs.181 Cr Using Bogus Bills

CGST Palghar Commissionerate has arrested an accountant for issuing fake bills of more than Rs. 1000 crores and GST Input Tax Credit (ITC) fraud of Rs 181 crores. Palghar Commissionerate officials have obtained specific inputs from data mining and data analysis that an entity is involved in obtaining and passing fake Input Tax Credit (ITC) by issuing fake invoices without actual receipt or supply to M/s Nithilan Enterprises. Doubt. goods or services.Based on this, he did a thorough investigation and found that a 27-year-old man, who had studied up to class 12th and now works as a freelancer accountant cum GST consultant, had committed such GST fraud. Betrayed and stole the identity of one of his customers. monetary gain.Conflict with physical evidence led the accountant to admit his guilt of issuing bogus bills exceeding Rs. 1000 crores and passing on the profit of fake ITC of Rs. 181 crore without any movement of goods. Due to his confession and evidence collected during the investigation, the CGST officers on Tuesday (January 25, 2022) made arrest under section 69 of CGST Act 2017 for a violation punishable under section 132 of CGST Act 2017.

The accused was produced earlier.Same day Additional Chief Metropolitan Magistrate, MumbaiThe Honorable Court has sent him to 14 days judicial custody. If found guilty, the person can be jailed for up to five years and fined. It is suspected that he is part of a larger network that lures innocent people to get GST registration and then steals their registration. This stolen identity is used to generate, obtain and pass on fake ITCwithout the actual supply or receipt of goods or services. All efforts are being made toIdentify and nab the kingpin and other members and beneficiaries of this network.

This case of detection of fake ITC racket is a part of anti-evasion campaign launched by CGST, Mumbai Zone against fraudsters and tax evaders who are creating unhealthy competition with honest and obedient people.Cheating the taxpayers and the exchequer. As a part of this drive, Palghar Commissionerate has detected tax evasion of Rs 460 crore, recovered Rs 12 crore and arrested two persons so far. In the coming days, the CGST department is going to intensify this campaign against fraudsters and tax evaders

Team Edu-Visor