Man arrested for GST Fraud of Rs.63 crore via availing Fake ITC:

Man arrested for GST Fraud of Rs.63 crore via availing Fake ITC A man has been arrested here for allegedly creating a web of fictitious firms for availing of GST fake input tax credit of about Rs 63 crore, an official said on Thursday. Raipur resident Hemant Kesara, who was the mastermind behind the fraud, was arrested by the Chhattisgarh Goods and Services Tax (CGST) & Central Excise department officials on Wednesday, he said. During searches, it was discovered that he was running a network of 13 fake firms that were actively generating fake bills with no underlying supply of products or services, according to the official. Throughout the searches, a considerable number of Aadhaar and PAN cards, pictures, signed chequebooks and mobile phones, as well as incriminating documents, were discovered, he claimed. The official stated that all bogus firms' GST returns were filed from the same IP address. Kesara allegedly admitted to receiving a total of Rs 62.73 crore in fake input credit and transferring it on to various other beneficiaries until February 2024, he stated. He was charged under the CGST Act of 2017, and a further investigation was underway, according to the official.