Quick Summary
A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two non-genuine firms, an official said on Wednesday. The GST department carried out a special operation against the errant companies availing fake input tax credit and claiming fraudulent GST refunds. During the investigation, it was found that the arrested accused is one of the conspir
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FAQ :
The fraudulent GST refund claimed was over Rs 27 crore (approximately £27 million).
The refund was claimed through fake input tax credit involving at least two non-genuine firms.
The arrested man was a conspirator who facilitated the creation and operation of the non-genuine companies and their bank accounts.
The non-genuine companies issued bogus bills worth more than Rs 238 crore.
A fake GST invoice is raised by an entity without the actual supply of goods or services or payment of GST.
The accused was arrested and remanded in judicial custody for 14 days.
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