GST Preventive arrests Two in Rs 700 cr Tax Scam (Eng-Hin)

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The Pune GST Preventive Wing has arrested two men in Rs 700 crore fake GST invoices scam

Pune : A racket of generating fake Goods and Services Tax (GST) invoices for fraudulently claiming the Input Tax Credit (ITC) on non-supplied goods was busted in Pune with the arrest of two persons, officials said on Sunday. The alleged fraud is believed to be to the tune of Rs 700 crore.

The GST Preventive Wing of the Central GST Department (CGST), Pune, claimed that two city-based firms allegedly indulging in this malpractice were busted.

The two firms – M/s Reliable Multi trading and M/s Himalaya Tradelinks – had obtained GST registrations and together issued fake GST invoices of approximately Rs 700 crore with the GST component of Rs 54 crore to facilitate bogus input tax credit (ITC) claims thus duping the government exchequer, an official release said.

According to officials, the partners of these firms-Ashok Thepde and Vilas Atal- were arrested under section 69 (1) of CGST At, 2017.

“The accused are part of a racket involving the issuance of fake GST invoices to claim fraudulent ITC from the government without any receipt or supply of goods,” the GST Preventive release said.

As per GST laws, ITC can be availed only against the taxes paid to the government on receipt of goods or services.
However, such firms exist only on papers and offer bogus transactions without any supply of goods, it added.
Officials said some “incriminating” documents were seized during the searches carried out at the premises of the companies.

“It was observed that these documents were fabricated and made according to the GST compliance norms to make the transactions appear real,” a Senior GST Preventive Officer said.

फर्जी जीएसटी बिलों के माध्यम से सरकार को चूना लगाने पर दो गिरफ्तार

पुणे : दो व्यक्तियों को गिरफ्तार करके बिना आपूर्ति वाली वस्तुओं पर छल से इनपुट टैक्स क्रैडिट का दावा करने के लिए फर्जी वस्तु एवं सेवा कर बिल तैयार करने के रैकेट का भंडाफोड़ किया गया है।

माना जा रहा है कि यह कथित धोखाधड़ी करीब 700 करोड़ रूपये का है।

केंद्रीय वस्तु एवं सेवा शुल्क (जीएसटी) की प्रिवेंटिव शाखा (पुणे) ने दावा किया कि इस कदाचार में शामिल शहर की दो कंपनियों का पर्दाफाश किया गया है।

एक सरकारी विज्ञप्ति के अनुसार दो कंपनियों, मैसर्स रिलायबल मल्टीट्रेडिंग और मैसर्स हिमालय ट्रेडलिंक्स ने जीएसटी पंजीकरण कराया था और उन्होंने फर्जी इनपुट टैक्स क्रैडिट दावे के लिए 54 करोड़ रूपये के जीएसटी रिफंड के साथ 500 करोड़ रूपये के जीएसटी बिल बनाये और सरकारी खजाने को चूना लगाया।

अधिकारियों के अनुसार, इन कंपनियों के पार्टनर अशोक थेपडे और विलास अटल को गिरफ्तार किया गया है।

ALSO READ : Gujarat State GST raids on 17 tour operators in Gujarat (Eng-Hin)


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