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CGST Bhiwandi Commissionerate arrests businessman for running fake ITC network The officers of Bhiwandi Commissionerate of CGST Mumbai Zone have arrested a businessman was running a Fake GST Input Tax Credit racket. Acting on an intelligence from Central Intelligence Unit of Mumbai CGST Zone, the
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FAQ :
A businessman was arrested for running a fake GST Input Tax Credit (ITC) racket involving bogus billing and fraudulent claims of ITC.
The fake ITC network involved bogus billing exceeding Rs. 63 Crores.
The detected GST evasion through this network amounts to Rs. 11.4 Crores.
The businessman was arrested in Mumbai and produced before the Additional Chief Metropolitan Magistrate, Fort, Mumbai.
The accused has been remanded to 14 days of judicial custody until February 4, 2022.
Initial investigations suggest around 25 entities are part of this network, with its roots spread across Nagpur, Pune, Delhi, and Nasik, in addition to Mumbai and Thane.
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