Mumbai: CA held for GST fraud of more than Rs 10 crore
ByYogesh NaikYogesh Naik / Updated: Dec 13, 2020, 08:47 IST
Crime
A magistrate court sent chartered accountant Chandraprakash Pandey, who was arrested for his alleged involvement in over Rs 10
crore fraud involving the Goods and services tax, to judicial custody for 14 days on Friday. The
Mumbai (West) unit of
Pandey is a founding partner at
CP Pandey and Associates. He was arrested for allegedly issuing fake invoices, availing and passing on fraudulent Input Tax Credit (ITC) involving GST of Rs 10.63 crore on a turnover of Rs. 59.10crore.
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GST officials arrest chartered accountant for Rs 10.63-cr fraud
The unit arrested Chandraprakash Pandey, partner of CP Pandey and Associates
A chartered accountant has been arrested by the sleuths of the Central Goods and Services Tax (GST), Mumbai West unit for allegedly availing fake Input Tax Credit (ITC).
The unit arrested Chandraprakash Pandey, partner of CP Pandey and Associates.
âHe was arrested on account of indulging in circular trading by way of issuing fake invoices, availing and passing on fraudulent ITC involving GST of about Rs 10.63 crore on turnover of Rs 59.10 crore (approximately),â said a statement issued on Saturday.
On the basis of specific intelligence gathered by the GST officials of investigation wing, Mumbai West Commissionerate, an investigation revealed that numerous companies were created in the name of his family members and were indulging in issuance of invoices without any actual supply of goods or services. The unit stated that he was al
Mumbai: Mahalaxmi Covid centre shuts without admitting a single patient
ByChaitanya MarpakwarChaitanya Marpakwar / Updated: Dec 13, 2020, 09:03 IST
With
Covid-19 cases in the city seeing a sharp decline, the BMC has begun dismantling the jumbo Covid centre at
Mahalaxmi Race Course, which has not seen a single patient since it was set up in July.
The centre has 900 beds spread across four waterproof hangers.
According to officials, three hangers, which have 700 regular beds, will be dismantled, while the fourth, with 200 oxygen-supported beds, will be kept on standby.
Officials said that the rental cost of the hangers and other equipment was one of the main reasons for the decision to shut down the centre.