Ghaziabad: A businessman was arrested in Uttar Pradesh’s Ghaziabad district in reference to a GST fraud price Rs 101 crores.
On the idea of particular intelligence, the officers of CGST Commissionerate had carried out a sequence of searches at 16 locations in Ghaziabad, Gautam Buddh Nagar, and Delhi associated to Vishal Steel Suppliers and his provider corporations on March 23.
“(The searches) led to unearthing of GST fraud involving taxable value of Rs 101.33 crores (approximately) and availment and utilization of fake Input Tax Credit (ITC) of Rs 14.25 crores (approximately) involving more than 44 firms,” Alok Jha, Commissioner, Central GST, Ghaziabad, mentioned in a press release.
The Commissioner mentioned that the quantum of fraud and variety of corporations concerned are prone to go up as additional investigation is carried out.
The accused Vishal Khandelwal was initially not discovered throughout searches after which the officers issued summon to him. He appeared on Thursday (April 8) and recorded his assertion in which he admitted GST legal responsibility of the agency in query.
Following this, he was arrested on Friday below the CGST Act, 2017 and was produced earlier than the courtroom of Special CJM, Meerut who ordered for judicial custody.
