Quick Summary
In a significant development, a prominent bullion trader, Hitesh Lodhiya, found himself in the crosshairs of the Directorate General of GST Intelligence (DGGI) following his arrest in Rajkot. Lodhiya stands accused of orchestrating an elaborate tax evasion scheme, allegedly defrauding the government of a staggering ₹44 crore by means of forging bills and making wrongful claims for input tax credit (ITC). The arrest unfolded in the wake of a meticulous search operation carried out by the DGGI
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FAQ :
Hitesh Lodhiya, a prominent bullion trader and proprietor of Astha Trading Company, was arrested for allegedly evading £44 crore in GST through forging bills and making wrongful claims for input tax credit.
The Directorate General of GST Intelligence (DGGI) made the arrest.
The DGGI operation uncovered a web of GST fraud with a taxable value of £1,467 crore and counterfeit input tax credit worth £44 crore.
Lodhiya is accused of creating and using counterfeit bills and invoices, and falsely claiming input tax credit without any actual supply of goods.
The DGGI alleges that Lodhiya collaborated with middlemen in this scheme.
This arrest highlights the ongoing efforts by government agencies to curb tax evasion and protect public revenue, underscoring the need for transparency in business.
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