GST Dept arrested Two Persons for 200 Crore GST Irregularities

GST Dept arrested Two Persons for 200 Crore GST Irregularities An official said on Monday that two people were arrested for alleged Goods and Services Tax (GST) payment anomalies totaling approximately Rs 200 crore. According to a GST department investigation, two enterprises cheated on taxes by creating bogus invoices and transferring input tax credit (ITC), and their owners were arrested as a result, he said.

CGST Officials Busted GST ITC Racket of Rs.396.84 Crore; Director Arrested

According to the official, in both cases, by generating bogus invoices of Rs 197 crore without supply of goods and transferring ITC of Rs 29 crore, a fake deduction of Rs 29 crore was made available to the receivers, which was a violation of the Maharashtra Goods and Services Tax Act. Both of the suspects have been remanded in jail.