Ludhiana: In the cases of bogus billing busted by the central GST (CGST) commissionerate, Ludhiana, bail applications of seven accused all of whom are in judicial custody have been rejected by courts during the past few days. The latest to be rejected was that of a prominent chartered accountant of the city, hearing on whose bail plea took place on Thursday. The case relates to alleged bogus billing of Rs 158.1 crore, involving input tax credit (ITC) of Rs 21 crore approximately.
In another action taken by the CGST, a Ludhiana businessman was arrested for bogus billing of Rs 97.43 crore, involving ITC of more than Rs 8 crore through a network of firms created by him. Accused Amandeep Singh Bhui was running seven firms at common addresses and whenever the officials of any department came for physical verification, he just changed the board outside the premises. This is the eighth arrest by CGST commissionerate, Ludhiana, since November 11, in a drive against persons issuing fake inv
LUDHIANA: In another big action undertaken by the Central GST (CGST) commissionerate, Ludhiana, a businessman has been arrested for allegedly claiming fraudulent Input Tax Credit (ITC) more than Rs 8 crore through network of firms created by him.
Surprisingly the accused, Amandeep Singh Bhui was running seven firms at common addresses and whenever the officials of any department used to come for physical verification of any of the firms, he just used to change the name board outside the premises and affix the board carrying name, address of the firm for whose verification the officials were expected to come. This is 8th arrest by CGST commissionerate Ludhiana since November 11 which is running a drive against persons who were defrauding the exchequer by issuance of fake invoices and passing fraudulent ITC and monetising it. The accused has also found to be in connivance with another city businessman Sahil Jain who is already under arrest for his involvement in bogus billing amounti
LUDHIANA: On Wednesday, two accused in the Rs 158.10 crore bogus billing scam were sent to 14-day judicial custody till December 23 after the Central GST (CGST) commissionerate, Ludhiana, had arrested them and produced them in a Ludhiana court. In another development in this case, the hearing on the bail application of one of the other accused was adjourned till December 14. The CGST department has confirmed these developments.
Giving insight into the entire case Ashutosh Baranwal, principal commissioner, CGST commissionerate, Ludhiana, said, “Two more arrests have been made in the ongoing investigation into the Rs 158.10 crore bogus billing case, one of Tarun Kumar Vidyarthi, who created fake identities of partners Rajesh Kumar, alias Ajay Gupta, (already arrested), and second of Shreya Agarwal, who is partner in all three firms under investigation. Tarun turned out to be one of the key executors in the case of fraudulent availing of input tax credit by the three firms involved