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The Maharashtra Goods Services Tax Department has busted a GST scam involving fake invoices worth Rs 45 crore and arrested a businessman for the alleged fraud,an official said here on Friday. Launching a special operation,GST sleuths raided Arnav Creations on Wednesday as part of the ongoing probe into the malaise of fraudulent invoices to cheat the exchequer. The team of Assistant Commissioners Arjun P. Suryawanshi, Ramesh Awaghade and Pradnya Brahmande, along with Inspectors, execut
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FAQ :
The scam involves fake invoices worth Rs 45 crore.
Jagdish Jagannath Patil, the proprietor of Arnav Creations, has been arrested.
The accused allegedly availed fake Input Tax Credit of Rs 7.08 crore.
The fraud was committed by claiming Input Tax Credit through returns without any actual movement of goods or services worth Rs 45 crore.
He has been sent to 14 days judicial custody by the Esplanade Court in Mumbai.
No, this is the 49th arrest made by the department in the current fiscal year.
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