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GST Evasion: Two Arrested for Issuing Fake GST Invoices Around Rs 700 cr

The Headquarter Preventive Wing of the Central GST Commissionerate has arrested two persons on Thursday for allegedly issuing fake GST invoices involving amount of around Rs. 700 crore. Persons identified as Amit Ashok Thepde and Vilas M Atal.

According to the statement issued by VN Mangaraju, Joint Commissioner, Pune CGST II Commissionerate, the accused Amit Ashok Thepde and Vilas M Atal were arrested on Thursday under Section 69 (1) of CGST ACT, 2017.

While investigation CGST officials found that the accused were involved in issuing fake GST invoices without receiving or supplying any goods.

Mangaraju said in the statement “Two firms, Reliable Multi trading and Himalaya Tradelinks had obtained GST registration and have together issued fake GST invoices of approximately Rs 700 crore having GST of Rs 54 crore to facilitate bogus Input Tax Credit (ITC) claims and duped the government exchequer,”.

Both the accused are partners in these firms and have committed offences under the provision of Sections 123(1)(b) and (c) of GST Act, 2017, which is cognizable and non-bailable.

The Headquarter Preventive Unit (HPU) of Pune has seized incriminating documents from their premises. Further investigation is going on.

Author: Niranjan Reddy

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