Top Management of Manpasand Beverages arrested in fake invoice GST fraud

Top Management of M/s. ManpasandBeverages Ltd. Savli, Vadodara arrestedin fake invoice GST fraud. Multi locational searches were conducted o

CA Deepak Gupta

May 26, 2019

Last update on May 26, 2019

Top Management of M/s. ManpasandBeverages Ltd. Savli, Vadodara arrestedin fake invoice GST fraud.

Multi locational searches were conducted on various premises of M/s Manpasand Beverages ltd. on 23/05/2019. The searches resulted into unveiling of a huge racket of creating fake/ dummy units for availing fraudulent credit and committing tax evasion of Rs. 40 Crores and involving turnover of Rs. 300 cores approx.

Shri Abhishek Singh, M.D.. Shri Harshvardhan Singh, brother of M.D. and Shri Paresh Thakkar, CFO, were arrested by the sleuths of Central GST Comenissionerate Vadodara-II.

M/s Manpasand Beverages Ltd. Is a listed company on BSE and NSE with a market capitalisation of 1200 crores. The continuing investigation has unearthed a network of more than 30 fake units located in various parts of the country which were used for committing fraud by availing illegal credit. The investigation regarding ultimate beneficiary of the fraud and web of shell companies is under progress.

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.