Quick Summary
The Central Goods and Services Tax (CGST) Chennai North Commissionerate has arrested the managing director of a copper wire manufacturing company for allegedly evading GST worth Rs 34.81 crore. The action followed extensive searches conducted on November 11 at G and T Pvt Ltd, a Vadaperumbakkam-based firm led by Prakash Kumar. According to officials, the manufacturer suppressed a turnover of Rs 193.50 crore over a span of five years by selling copper winding wires and copper strips without issu
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FAQ :
The managing director of G and T Pvt Ltd, a copper wire manufacturing company, was arrested.
The alleged GST evasion amounts to Rs 34.81 crore.
The company allegedly suppressed its turnover by selling copper winding wires and copper strips without issuing GST invoices over a period of five years.
Incriminating documents, digital records, cash slips, quotations, and UPI and bank transaction details were recovered, indicating large-scale unaccounted sales.
Payments were reportedly received in cash and through online transfers routed via unregistered bank accounts of employees and other individuals.
The MD was arrested under the GST Act and remanded to judicial custody until December 5.
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