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GST invoice fraud: 12 individuals, including CA, arrested for ITC scam The arrested chartered accountant is Abhishek Singhal, who ran fake firms to issue fraudulent invoices; he is the tenth chartered accountant arrested so far over GST invoice fraud charges Dipak Mondal | February 24, 2021 | Updated 00:05 IST In the ongoing nationwide drive against frauds involving fake GST invoices, the Directorate General of GST Intelligence (DGGI) and CGST Commissionerates have arrested 12 persons in a single day, including a chartered accountant. The arrested chartered accountant (CA) is Abhishek Singhal, who ran fake firms to issue fraudulent invoices, informed Revenue Department sources. He is the tenth chartered accountant arrested so far over charges of running bogus firms and/or issuance of fake invoices to fraudulently avail and pass on input tax credit (ITC) without actual supplies of goods or services. ....
GST authorities recover Rs 820 crore in 2,500 fake invoice frauds since mid-Nov Eight chartered accountants have been arrested so far in fake invoice frauds; ICAI has been informed about these arrests and asked to take appropriate actions as per their own rules BusinessToday.In | January 24, 2021 | Updated 22:25 IST Another chartered accountant, along with his four business accomplices, was arrested in Jaipur on Saturday in relation to GST invoice frauds. The arrested were allegedly operating 25 fake firms to fraudulently avail and pass on input tax credit (ITC) through bogus invoices without actual supplies of goods or services. With this arrest, eight chartered accountants have been arrested so far in fake GST invoice frauds since mid-November 2020, informed sources at Directorate General of GST Intelligence (DGGI). Till now, 258 persons have been arrested in the nationwide drive to curb such frauds. ....