ANI
16 Jan 2021, 14:18 GMT+10
Mumbai (Maharashtra) [India], January 16 (ANI): Maharashtra Goods and Services Tax (GST) Department on Friday arrested a Vile Parle-based businessman for allegedly causing a revenue loss of Rs 31 crore to the state government by fraudulently claiming the input tax credit.
As per a press statement from GST Department, the five firms owned by accused Anju Gupta showed estimated bogus purchases of more than Rs 272 crore and thereby had availed of bogus Input Tax Credit of more than Rs 31 crore without actually buying any goods or services.
"Anuj Gupta has a total of five firms, viz - Savvy Fabrics, Shiv Textiles, and Shakti Textile- which are registered under Maharashtra Goods and Service Tax Act 2017, and other two firms viz - Subhlene Fabrics and Shubhmangal Textiles Industries which arc registered in the Union Territory of Dadra and Nagar Haveli...The two firms at Dadra Nagar Haveli have even received a refund of more than Rs. 11 Crores from the government," it stated.
During the investigation, the Maharashtra GST Department observed that these companies physically possess only 20 per cent of the total stock value that is claimed by them to be in their possession, and the remaining 80 per cent stock is not actually found to be with them.
The accused was produced before the Court of the Additional Chief Metropolitan Magistrate, from where he was sent to 14 days of judicial custody. (ANI)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationWASHINGTON D.C.: President Joe Biden says he expects there to be enough vaccinations for all Americans by the end of ...
HOLTVILLE, California: An overloaded SUV carrying as many as 25 passengers slammed into a semi-truck in California on Monday, killing ...
ALBANY, New York: New York's new coronavirus-period dance rules will allow some dancing at parties. The state said that when ...
WASHINGTON D.C.: Looking beyond the $1.9 trillion COVID-19 relief bill, President Joe Biden and other lawmakers are establishing the foundations ...
WASHINGTON DC - To boost vaccination rates among minorities, particularly Black and brown Americans, senior Biden administration officials say the ...
WASHINGTON D.C.: The U.S. Justice Department has announced it will appeal a court ruling that the federal prohibition on evictions ...
By Pragya KaushikaNew Delhi [India], March 5 (ANI): The Bharatiya Janata Party will announce the list of its candidates for ...
By Ashoke RajNew Delhi [India], March 5 (ANI): Unprecedented chaos was witnessed onboard a Pune-bound IndiGo flight at the Indira ...
New Delhi [India], March 5 (ANI/SRV Media): Lifecare Neuro Products Limited is a renowned and registered Indian Pharma Company that ...
New Delhi [India], March 5 (ANI/SRV Media): At the recently held event by the NIEM the institute of event management ...
Gurugram (Haryana) [India], March 5 (ANI/BusinessWire India): BMW India will open bookings for the much-awaited BMW M340i xDrive from 3:40 ...
By Sushil BatraNew Delhi [India], March 5 (ANI): The Delhi High Court on Friday asked the Delhi government to examine ...