Quick Summary
The Trombay police have registered a criminal case against a Lucknow-based Chartered Accountant for allegedly cheating a friend by illegally misusing a GST account opened in the latter's name , leading to a potential tax liability of Rs 4.69 crore . The accused has been identified as Rashid Rais Si
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FAQ :
The Chartered Accountant, Rashid Rais Siddiqui, is accused of illegally misusing a friend's Goods and Services Tax (GST) account, which was opened in the friend's name, leading to a significant tax demand.
A demand of Rs 4.69 crore has been raised against the complainant due to the alleged misuse of his GST account.
The GST account was initially intended for a planned e-commerce platform for selling mobile phones, named Hipcart, which was to be handled by the accused Chartered Accountant.
The complainant, Nasir Hussain Kadar Hussain Sheikh, first received a notice from the GST office in February 2020, claiming Rs 28 lakh in outstanding dues. He later received a much larger demand of Rs 4.69 crore in August 2024.
Yes, the FIR notes that Rashid Siddiqui has allegedly been arrested in multiple similar cases involving the misuse of GST accounts.
The complainant's ICICI Bank salary account has been frozen, showing a negative balance of Rs 4.69 crore, prompting him to approach the police.
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