JAIPUR: The zonal office of director general of GST intelligence have arrested two persons for evading GST amounting to nearly Rs 108 crore. The accused, who were involved in creating fake firms and invoices, have been sent to judicial custody.
Based on specific inputs, an investigation was initiated by officials of the GST intelligence unit against the accused identified as Mohammad Yunus proprietor of M/s Shopiera situated at D 15/24, Third Floor, Sector 3, Rohini, North West Delhi.
“He was involved in creating fake firms that only existed on papers and was involved in generating fake invoices without actual supply of goods and resulting in availing of ITC (Input Tax Credit) on such invoices. He had 25 other firms which also issued fake invoices. The probe suggested that the accused was indulged in breaching of various provisions of the CGST Act, 2017. Searches were also conducted at his Delhi residence and his office where various incriminating documents were found,” said Rajendra Kumar, additional director general, DG,GST, Jaipur on Friday.
“The total value involved in these fake invoices issued by the accused was nearly Rs 480.12 crore which also has a GST evasion of Rs 105.52 crore. This amount is detected on preliminary investigation and may increase later,” the officer added.
The investigation further suggested that the accused was the mastermind behind this bogus and fake billing racket in which he had issued invoices to total 431 firms, out of which 35 are located in Rajasthan and 396 are outside the state.
Likewise, his employee Harish (28), resident of Nithari, Delhi, actively followed orders of his master in all such acts and helped him in preparing invoices. “He was arrested for a total GST evasion of Rs 2.96 crore,” he added.
Both the accused were arrested under Section 132(1)(b),(c),(f) and (l) of the CGST Act, 2017 and were presented before the court from where they were sent to the judicial custody till October 30.
Source- Times of India.