CGST Commissionerate Arrests Co-conspirator in a Fake Input Tax Credit Claim of Rs.11.07 Cr

Anti-Evasion Unit of Mumbai South CGST Commissionerate has arrested the co-conspirator in a case of M/s New Laxmilal & Co. (GSTIN 27ACAPS6257K1ZS) involving fake ITC of Rs. 11.07 Cr on the strength of bogus invoices of Rs 62.90 Cr, without actual movement of goods. This case is a part of the Anti-Evasion drive launched by CGST, Mumbai Zone against the tax evaders.

The accused has admitted to supplying M/s New Laxmilal & Co. with fake invoices involving a network of seven non-existent organizations. The accused was arrested under Section 69 of the CGST Act, 2017 for committing crimes under Section 132(1) (b) and (c) read with Section 132(5) of the CGST Act, 2017 based on material evidence and his confessional statement. He appeared at Mumbai’s Additional CMM court today, April 26th, 2022, and was remanded in judicial prison for 14 days. In December 2021, the owner of M/s New Laxmilal & Co. was arrested for obtaining and using bogus ITC on the basis of fake invoices totaling Rs.62.90 Cr.