Fake Input Tax Credit Racket Worth ₹ 13 Crore Busted In Maharashtra

Author : desertsafari
Publish Date : 2022-03-05 00:00:00


Fake Input Tax Credit Racket Worth ₹ 13 Crore Busted In Maharashtra

Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.

Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 70 crore. Based on a tip-off from the Central Intelligence Unit (CIU) of CGST Mumbai zone, a team from Anti-Evasion Wing of CGST Commissionerate Raigad initiated an investigation, which revealed that Zaid Enterprises had availed fake ITC on the basis of bogus invoices issued by more than 10 non-existing firms and passed this fake ITC to other firms, informed Neeraj Kansal, Commissioner, CGST and C.EX, Raigad. "The proprietor of the firm had not been operating from the Principal place of business declared in the GST portal but instead was operating on the move. He was traced and after a 15 km chase, apprehended from near a petrol station in Navi Mumbai," said the CGST. The accused has been arrested on March 4 under Section 69 of the Central Goods and Services Act, 2017 for the committal of offences under Section 132 of the said Act. He was produced before the Judicial Magistrate, Panvel, wherein he has been sent to judicial custody for 14 days.Raigad (Maharashtra): A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday. The firm was engaged in availing and passing on fake GST input tax credit of ₹ 13 crore, by using bogus invoices of ₹ 7



Category :travel

Buggy Rental in Dubai: The Ultimate Guide to Planning Your Next Adventure

Buggy Rental in Dubai: The Ultimate Guide to Planning Your Next Adventure

- Dune Buggy Dubai is a most thrilling Adventure ride in Dubai Desert. If you are an adventurer, you can get experience the excitement of red dunes in your heart.


47-Year-Old Man Arrested For Raping Step-Daughter In Noida: Police

47-Year-Old Man Arrested For Raping Step-Daughter In Noida: Police

- The arrest followed six months after an FIR was lodged at the Phase 3 police station in the case on the complaint of the girls


Video: Tejashwi Yadav Sweats It Out Days After PMs "Weight" Remark

Video: Tejashwi Yadav Sweats It Out Days After PMs "Weight" Remark

- Tejashwi Yadav pulls a jeep, and its driver, using his bare hands and pushes it a few metres in the video.


Need mental conditioning coach, says Graham Reid after Indias shock exit from Hockey WC

Need mental conditioning coach, says Graham Reid after Indias shock exit from Hockey WC

- The Indian hockey team were eliminated from the World Cup main round after losing 4-5 to New Zealand in the shootout.