Quick Summary
The Maharashtra GST and State Excise departments have arrested three businessmen involved in separate cases of fake Input Tax Credit (ITC) frauds collectively worth more than Rs 180 crore. The arrests were made following detailed investigations into bogus invoicing and fraudulent ITC claims that caused significant losses to government revenue. In the first case, officials arrested Rachna Prabhat Kumar Maheshwari, director of Narwhal Chemicals and Fertilizers International Pvt. Ltd., for alleg
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FAQ :
The fake Input Tax Credit (ITC) claims collectively amount to over Rs 180 crore.
Three businessmen were arrested: Rachna Prabhat Kumar Maheshwari, Vipul Maheshwari, and Sanjay Sutar and Hitesh Babulal Patel (partners of Esspee Enterprises).
Rachna Prabhat Kumar Maheshwari, director of Narwhal Chemicals and Fertilizers International Pvt. Ltd., was arrested for allegedly issuing fake invoices and wrongly availing ITC of Rs 56.57 crore without actual supply of goods.
Vipul Maheshwari, director of Abhay Trading Pvt. Ltd., was arrested for his alleged role in a fake invoice racket valued at Rs 114.63 crore, including fraudulently availing ITC of Rs 51.13 crore from Pluto Chemicals Limited.
The Anti-Evasion wing of Central GST, Palghar, arrested Sanjay Sutar and Hitesh Babulal Patel, partners of Esspee Enterprises, for allegedly availing ITC of Rs 9.78 crore using invoices from non-genuine suppliers.
The departments have intensified surveillance and are using data analytics to identify suspicious tax transactions and combat revenue leakage, as demonstrated by these arrests.
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