Fake Input Tax Credit Racket Worth ₹ 13 Crore Busted In Maharashtra

Author : desertsafari
Publish Date : 2022-03-05


Fake Input Tax Credit Racket Worth ₹ 13 Crore Busted In Maharashtra

Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.

Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 7



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