Quick Summary
A man has been arrested in Maharashtra's Thane district for his alleged involvement in a GST input tax credit (ITC) fraud worth Rs 47.32 crore, officials confirmed on Thursday. According to a press release from the Thane commissionerate of Central GST, the accused, identified as Vivek Rajesh Maurya
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FAQ :
The GST fraud uncovered in Thane is worth Rs 47.32 crore.
Vivek Rajesh Maurya has been arrested in connection with the fraud.
The firm allegedly used to commit the fraud was M/s KSM Enterprises.
GST officials uncovered the fraud using internally developed intelligence systems and advanced data analytics tools.
Input Tax Credit (ITC) under GST allows businesses to offset taxes paid on inputs against their output tax liability, preventing double taxation.
No, the investigation is ongoing, and more names are expected to emerge as the probe progresses.
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