The Maniktala police have registered a case against at least 10 individuals for allegedly being a part of a racket that created fake companies only to pass on input tax credit benefits to various firms without making any bonafide transaction.
The FIR was lodged on the basis of a complaint by the state tax department and the fraud is estimated to be around Rs 189 crore. Cops alleged that the accused entered into a criminal conspiracy “amongst themselves and others and in pursuant to that conspiracy created false, fake business establishments or firms in the name of poor, uneducated persons as proprietors, partners or directors”.
“They issued and received forged documents and tax invoices, furnished false returns and incorrect information. They misappropriated tax amounting to Rs 1,89,36,15,134,” the FIR read.
The accused, claimed sources, were booked under various sections of the West Bengal GST Act, 2017, and the IPC. The case was filed by a senior functionary of the department.
In another case, the Posta police on Wednesday evening nabbed a youth from Bihar with Rs 50 lakh ‘unaccounted-for’ cash. The cash was seized and central agencies, like IT and ED, were notified, said cops.
Cops mounted a watch in the Rabindra Sarani area based on a tip-off. “The cash was found on a 25-year-old resident of Banka in Bihar, Pawan Yadav, in front of Marwari Relief Society Hospital,” said a cop.
Also Read : Eight Chartered Accountants arrested for GST fraud
Source: timesofindia.com
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Frah Saeed is a law graduate specializing in the core field of indirect taxes and is the Co-founder of taxwallah.com. She has authored many publications on GST and is into full-time consultancy on GST to big corporates. She as a part of taxwallah.com heads a team comprising of Chartered Accountants and Advocates and plays a key role in our mission to disseminate GST knowledge to all.
