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How GST fraud worth Rs 40 crore came into light at Manpasand Beverages - GST Station

How GST fraud worth Rs 40 crore came into light at Manpasand Beverages

How GST fraud worth Rs 40 crore came into light at Manpasand Beverages

    According to CGST commissionerate sources, MBL allegedly created and showed sales and purchases across more than 30 fake units

    AHMEDABAD/DELHI: Ever since Deloitte resigned as auditor for Manpasand Beverages Ltd (MBL), the Vadodara-based company, a listed one, has been in controversy. However, the recent goods and services tax (GST) fraud that came to light with the arrests of top management executives is the latest episode in the controversy and has made things worse.

    Ever since Deloitte resigned as auditor for Manpasand Beverages Ltd (MBL), the Vadodara-based company, a listed one, has been in controversy. However, the recent goods and services tax (GST) fraud that came to light with the arrests of top management executives is the latest episode in the controversy and has made things worse.

    Established by its current Chairman and Managing Director Dhirendra Singh, MBL boasted its presence in rural and tier-2 and 3 markets when its multinational competitors were ruling the metros and top cities.

    Source- Business Standard.

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