Businessman arrested for Rs 101 crores GST fraud in Ghaziabad | India Information
Ghaziabad: A businessman was arrested in Uttar Pradesh’s Ghaziabad district in reference to a GST fraud price Rs 101 crores.
On the premise of particular intelligence, the officers of CGST Commissionerate had performed a sequence of searches at 16 locations in Ghaziabad, Gautam Buddh Nagar, and Delhi associated to Vishal Metal Suppliers and his provider corporations on March 23.
“(The searches) led to unearthing of GST fraud involving taxable worth of Rs 101.33 crores (roughly) and availment and utilization of fake Input Tax Credit (ITC) of Rs 14.25 crores (roughly) involving greater than 44 corporations,” Alok Jha, Commissioner, Central GST, Ghaziabad, stated in an announcement.
The Commissioner stated that the quantum of fraud and variety of corporations concerned are prone to go up as additional investigation is performed.
The accused Vishal Khandelwal was initially not discovered throughout searches after which the officers issued summon to him. He appeared on Thursday (April 8) and recorded his assertion during which he admitted GST legal responsibility of the agency in query.
Following this, he was arrested on Friday below the CGST Act, 2017 and was produced earlier than the courtroom of Particular CJM, Meerut who ordered for judicial custody.