Fake Invoicing Racket Of Rs 338 Crore Busted In Assam, 2 Arrested


Fake Invoicing Racket Of Rs 338 Crore Busted In Assam, 2 Arrested

Both the accused have been despatched to 14 days judicial custody (Representational)


A whopping Rs 338 crore racket of faux invoicing has been unearthed by GST officers in a serious bust of tax evasion rip-off in Assam.

According to a media assertion, the Directorate General of GST Intelligence (DGGI), Guwahati Zonal Unit, mentioned {that a} city-based businessman and a tax advisor had been behind the rip-off.

The Additional General (ADG) of GST Intelligence in Guwahati Unit mentioned Amit Kumar, proprietor of Maruti and tax advisor Sourav Bajoria have been arrested beneath a number of sections of the GST act.

The duo had additionally generated faux credit score of Input tax (TTC) involving Rs 28.97 crores of GST.

“Amit Kumar, was engaged in receipt and issuance of fake invoices of coal. The firm showed purchase of coal from Gujarat, Punjab and Delhi to his Guwahati unit to avail input tax credit (ITC) The unit subsequently issued invoices to cement manufacturers, coke manufacturers, and other traders etc in northeast without supply of any goods. The fake invoices/bills of coal by the firm were used as cover document for the coal procured clandestinely and to pass on irregular ITC,” the ADG mentioned.

He additionally added that Amit Kumar had created two extra faux entities by the identical identify Maruti Traders at Ludhiana and Gandhidham and confirmed enterprise transactions between these corporations on paper with none provide of products.

“This huge racket of fake invoicing involved other firms in Delhi, Punjab and Gujarat which were found to be non-existing,” the official mentioned.

On the position of the tax advisor the highest official mentioned, (*2*)

Both the accused have been produced earlier than the Chief Judicial Magistrate, Kamrup Metro and despatched to 14 days judicial custody.


Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please close Adblocker