GST Evasion: Kerala GST Department arrests a person for creating Fake Invoices for ineligible ITC around Rs 5.5 cr

GST Evasion - GST - ITC - Fake Invoices - Kerala GST - Taxscan

The Kerala Goods and Services Tax Department has arrested a person for creating Fake Invoices for ineligible ITC around Rs 30 crores.

An investigation conducted by the Idukki unit of the Investigation Branch of the State Goods and Services Tax against fake/bogus invoices and resultant availment of ineligible ITC detected a case where fake invoices were seen to be issued to the tune of around Rs 30 crores.

There were four GST registrations involved in this cartel- M/s Starlight, M/s PRM Plywood, M/s Lan Wood, and M/s Gasala Plywoods. These entities were found to be fictitious and were seen to be issuing fake invoices indicating the supply of plywood. These fake invoices enabled evasion of GST in the plywood sector by making available ineligible ITC to the tune of around Rs 5.5 crores.

Shri Reneesh CA alias Reni of Chirakkakkudy House, Allapra, Perumbavoor appeared before the investigating officers in connection with the investigation and confessed to floating fictitious entities and issuing fake invoices in the name of the above-mentioned GST registrations. The offences committed by Shri Reneesh CA are punishable under Section 132 of the Kerala SGST Act, 2017, and are cognizable and non-bailable. Shri Reneesh C A has been arrested under Section 69 of the Kerala SGST Act, 2017 by the Idukki IB team led by Intelligence Officer Smt. Sainimol Joseph. Further investigation of the case is in progress.

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