Mumbai businessman nabbed for Rs 14 crore GST fraud
The GST Department has warned that it uses comprehensive network analytic tools, coordinates with other authorities to identify tax evaders
The GST Department has warned that it uses comprehensive network analytic tools, coordinates with other authorities to identify tax evaders
The arrested accused Smruti Ranjan Sahu had floated several fictitious firms and had allegedly availed fraudulent input tax credit (ITC) claims by using fake invoices.
An authorisation for arrest of seven persons was issued by commissioner state tax, Nilkanth S. Avhad, under section 69 of the GST Act for violation of section 132 (1)(a),(b) &(c).
Since May 24, Manpasand scrips have lost over half of its value. On Thursday, the scrips hit Rs 57.10 a share, declining by Rs 6.30 or 9.94 per cent.
Vijay R Gutte, director of the forthcoming film The Accidental Prime Minister has been arrested in a case of alleged Rs 34-crore GST fraud.
