Quick Summary
Hyderabad: The Central Crime Station (CCS) police have arrested the Managing Partner of Ambika Steel in connection with a large-scale GST fraud case involving fake invoices and e-way bills. The arrest comes after weeks of investigation by state GST officials into fraudulent claims of ITC. Fake Invoices and Misuse of E-Way Bills According to investigators, the accused generated bogus invoices and e-way bills without any actual movement of goods, in violation of the GST Act. This fraudulent mech
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The Managing Partner of Ambika Steel was arrested by the Central Crime Station (CCS) police in Hyderabad.
The investigation concerns a large-scale GST fraud involving the generation of bogus invoices and e-way bills to unlawfully claim Input Tax Credit (ITC).
A vehicle number that was immobile and under detention was falsely shown as transporting goods, and this number was misused by multiple taxpayers to create several e-way bills without actual transportation.
The accused approached the Telangana High Court to quash the case, but the plea was dismissed.
Yes, several other individuals connected to the fraud are still absconding, and a manhunt is underway to apprehend them.
CAclubindia
