Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

CGST officers arrest key associate of accused operating 46 fake firms to help businesses evade tax

CGST officers arrest key associate of accused operating 46 fake firms to help businesses evade tax

Photo Credit :

New Delhi [India], February 9 (ANI): The Central Goods and Services Tax (CGST) officers, Delhi East on Tuesday arrested a key associate of the accused person who was running a multi-layered network of 46 fake firms and passing on fake input tax credit (ITC) worth Rs 82.23 crore.
According to an official statement of CGST Commissionerate, the accused Arvind Kumar's associate Kamal Singh was arrested under Section 69(1) of the CGST Act, 2017 and produced before the Duty Magistrate today, who remanded him to judicial custody of 14 days till February 23.
The accused Arvind Kumar was arrested on January 17 and is in judicial custody, the statement said.
"Through the use of extensive data analytics, officers of Delhi East GST were able to identify and unravel a network of 46 fake firms which were operating since 2017 and had passed on fake ITC to multiple beneficiaries. The investigation conducted revealed that the fictitious firms were being controlled by Arvind Kumar and his associates. He was arrested on January 17, 2021 and is in judicial custody till date," it said.
Kumar's key associate Kamal Singh alias "Kamal Solanki" who had been absconding for the past one month has also been apprehended.
"Singh has confessed to have been involved in the racket of fake billing through which fake invoices of Rs 541.13 crore were raised involving fake ITC of Rs 82.23 crore, which is expected to increase as the investigation progresses," it said.
This is the second arrest made in the investigation.
It is pertinent to mention here that since the inception of GST Central Tax, Delhi zone has made 21 arrests in various cases involving GST evasion amounting to more than Rs 3791.65 crore, the statement said. (ANI)

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


Tags assigned to this article:
CGST East Delhi Kamal Solanki fake firms tax itc

ANI

ANI

More From The Author >>