The Goods and Services Tax ( GST ) department has unearthed an evasion of Rs. 200 crores as a metal scrap business across Madhya Pradesh, Maharashtra and Gujarat availed input tax credit fraudulently.
The GST officials confirmed that the fraud was committed during the past one-and-half years through bogus business and fake invoices and e-way bills.
An official associated with the investigation told PTI, “In the case, more than 1,100-crore of metal scraps business of more than 400 firms across three states are under the purview of our investigation. We suspect an illegal benefit of Rs 200 crore through the input tax credit.”
However, the exact amount of evasion would be known after the investigation, he added.
So far, statements of 14 people have been recorded, the official added
Meanwhile, a CGST press release said officials have raided 17 places in Madhya Pradesh’s Indore, one place in Bhopal and two places in Jabalpur during the past four days.
Besides, two campuses in Mumbai, five in Thane in Maharashtra and five places in Gujarat’s Bhavnagar district were also raided, it added.
