Coimbatore: The goods and services tax and central excise department arrested a timber merchant from Pollachi on Tuesday for committing GST fraud amounting to Rs 7.69 crore.
The accused, Ramesh Kumar Patel, is associated with the five timber units in various capacities such as proprietor, partner and director, said K Vijayakrishnavelan, joint commissioner of central GST and central excise. “Patel had floated Thrisul Timber Traders, Sree Ashapura Impex, Ambika Timber Depot, Lakshmi Narayana Timbers Pvt Ltd and Sree Ashapura Saw Mills in Pollachi to commit GST credit fraud. These units indulged in bill trading by way of receiving invoices without supply of goods. He admitted receiving invoices without supply of goods from units and committed GST fraud,” the official said.
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