Quick Summary
On 14/12/2021 (Tuesday) GST Officers of Thane commissionerate arrested Vikram Jain, a Mumbai-based CA for generating fake invoices worth more than Rs 500 crores to tune a GST of Rs 92 crores without actual receipt of goods. Vikram had violated provisions of section 132 of the CGST Act and has been arrested for the same.
How was this done?
Accused used the identity of a housewife and created a firm named M/s. Shraddha Electrical, located in Thane. The accused generated invoices without the movement of goods.
How was it discovered?
The accused's actions were discovered using Data Analytics and many Information Technology tools by Mumbai CGST Commissionerate.
This action of the Mumbai Commissionerate is a part of a special anti-evasion drive.
FAQ :
Vikram Jain, a Mumbai-based Chartered Accountant, was arrested by GST officers for generating fake invoices worth over ₹500 crores to claim ₹92 crores in GST without actual goods being supplied.
The fake invoices generated were worth more than ₹500 crores, and the evaded GST amounted to ₹92 crores.
The accused allegedly used the identity of a housewife to create a firm named M/s. Shraddha Electrical in Thane and generated invoices without any actual movement of goods.
The fraud was uncovered by the Mumbai CGST Commissionerate using data analytics and various information technology tools.
Vikram Jain has been arrested for violating the provisions of section 132 of the CGST Act.
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