GST officials catch massive tax fraud of Rs 2,350 crore, fake invoices, ITC claims

Three persons have been arrested by GST officials involving GST fraud over Rs.2350 Crores. Sachin Bhoruka, Director/Partner in various firms such as Erman Metals, Pioneer Trading, Marshal Multiventures, etc. has availed fake ITC amounting to Rs 485.64 crore. the total quantum of the fraud committed involved GST amounting to Rs 971.19 crores.Mahesh Kinger, authorised signatory of Blue Sea Commodities and Director of Theme Lights has also been arrested for availing fake ITC amounting Rs. 580.23 Crores and had passed on ineligible ITC amounting to Rs 579.76 crores. Deepak Kumar Prajapati, Director of Udyog Kiran Ltd. Has been arrested on the similar grounds.

https://www.financialexpress.com/economy/gst-officials-catch-massive-tax-fraud-of-rs-2350-crore-fake-invoices-itc-claims-intelligence-input-tax-credit/2136960/