Quick Summary
Thane GST officials have arrested businessman Chandan Lakhara for allegedly evading taxes worth Rs 17.48 crore. Lakhara, the proprietor of Moon Trader, a company registered under the Maharashtra Goods and Services Tax (GST) Act 2017, is accused of showing bogus purchases and sales to claim Input Tax Credit (ITC) of over Rs 8.74 crore. According to GST authorities, Lakhara's firm claimed purchases without actually acquiring any goods or services, resulting in a significant revenue loss to the
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FAQ :
Businessman Chandan Lakhara, proprietor of Moon Trader, was arrested by Thane GST officials for allegedly evading Rs 17.48 crore in GST.
Lakhara is accused of claiming Input Tax Credit (ITC) of over Rs 8.74 crore by showing bogus purchases and sales, without actually acquiring or receiving any goods or services.
The alleged GST evasion amounts to Rs 17.48 crore.
Investigations showed Moon Trader did not possess the claimed goods, lacked supporting documents, and transporters denied moving the goods listed by the company.
Chandan Lakhara is currently in judicial custody under the provisions of the GST Act, 2017.
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