The department has arrested two persons on Saturday for allegedly duping the exchequer of Rs 127 crore by issuing fake Goods and Services Tax ( GST ) invoices and not paying the service tax.
Reportedly, the arrested persons Amit Upadhyay (40) and Asad Anwar Sayed (42) were sent in judicial custody for 15 days by a local court, a GST official said.
During April 2016 to June 2017, Upadhyay, a city-based businessman, collected service tax of Rs 47 crore but did not deposit the amount with the Service Tax department. Further, he allegedly received Rs 79.38 crore through fake GST invoices with the help of Sayed, who owns a computer solutions company, with the intention of evading tax, the official said.
