Quick Summary
Commercial Tax Officials Nab Managing Director for Massive GST Irregularities In a major crackdown on financial malpractices, commercial tax officials have arrested Rajkumar Rekhya Roopsing Nayak, the managing director of Sri Kavya Mining Infrastructures Private Limited. The arrest is linked to alleged Goods and Services Tax (GST) irregularities amounting to a staggering 18.5 crores. Company Accused of Issuing Fake GST Invoices and Manipulating Input Tax Credit The commercial taxes
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FAQ :
Rajkumar Rekhya Roopsing Nayak, the managing director of Sri Kavya Mining Infrastructures Private Limited, has been arrested.
He has been arrested due to alleged Goods and Services Tax (GST) irregularities amounting to £18.5 crore.
The company is accused of issuing fake GST invoices and manipulating Input Tax Credit (ITC), including wrongly availing ITC worth £4.12 crore not reflected in GSTR-2A.
The company falsely claimed Input Tax Credit (ITC) and issued fake GST invoices, which were then used by other companies to claim ITC, leading to financial losses for the government.
The managing director was presented before the economic offences court and remanded in judicial custody.
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