Two people have been arrested by the Headquarter Preventive Wing of the Central GST Commissionerate for allegedly issuing fake GST invoices of approximately Rs 700 crore.
CGST officials acted upon intelligence and busted the modus operandi of issuing fake GST invoices without receiving or supplying any goods.
According to the statement issued by VN Mangaraju, Joint Commissioner, Pune CGST II Commissionerate, the accused Amit Ashok Thepde and Vilas M Atal were arrested on Thursday under Section 69 (1) of CGST ACT, 2017.
“Two firms — Reliable Multi trading and Himalaya Tradelinks — obtained GST registration and have together issued fake GST invoices of approximately Rs 700 crore with GST of Rs 54 crore to facilitate bogus Input Tax Credit (ITC) claims and duped the government exchequer,” said Mangaraju in the statement.
Both the accused are partners in these firms and have committed offences under the provision of Sections 123(1)(b) and (c) of GST Act, 2017, which is cognizable and non-bailable, said the official further.
The Headquarter Preventive Unit (HPU) of Pune has seized incriminating documents from their premises.
