@the_news_21
Mumbai: The Maharashtra State Goods & Services Tax Department (MSGST) has maintained its fast pace in taking strict action against tax-fraudsters by arresting the Director of Ms. Everant Feromat Private Limited under the charges of accepting bogus invoices of Rs.162 Crore and thereby availing a fake Input Tax Credit of Rs.29.17 Crore.
The taxpayer dealing in metal and scrap was found to have been accepting bogus invoices from non-existent dealers. Upon investigation by the authorities the Directors of the company could not explain the bogus transactions with the non-existent entities; neither could they discharge the liability on the fake Input Tax Credit issue.
Hence, the Maharashtra State GST Department arrested the Director of the company on February 17 from Girgaon, Mumbai. The Metropolitan Magistrate has sent the accused to 14 days of judicial custody.
The team led by Assistant Commissioner of State Tax, Ramchandra N Meshram, executed the entire operation.
The Maharashtra GST Department has so far arrested the errant taxpayers involved in 16 different tax evasion cases & has unearthed fake ITC scams involving bogus billing of more than Rs.3,000 Crores.
