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The director and accountant of a private firm were arrested in Chhattisgarhs Raipur on Tuesday for evasion of the Good and Services Tax (GST) by passing on fake input tax credit (ITC) of Rs 1.92 crore, an official said on Tuesday. Based on a tip-off, officials of the CGST and Central Excise raided the premises of Topisto Products Private Limited, the official said. The firm was allegedly involved in large-scale evasion of GST by generating fake invoices and passing on fake ITC without
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FAQ :
The director and accountant of a private firm, Topisto Products Private Limited, were arrested.
The firm allegedly passed on fake input tax credit (ITC) of ₹1.92 crore.
The firm allegedly generated fake invoices and passed on fake ITC without supplying any goods or services.
Investigations revealed that fake firms were created to generate fake ITC of ₹114.70 crore.
The accused were planning to further pass on fake ITC amounting to ₹112.78 crore.
The arrests were made under the relevant provisions of the Central Goods and Services Tax Act 2017.
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