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Tax consultant held for GST fraud of ₹274 crore - The Hindu BusinessLine


Tax consultant held for GST fraud of ₹274 crore
January 27, 2021
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The GST and Central Excise Department, Chennai Outer, has arrested a tax consultant from Pernambut in Vellore district for committing GST fraud by issuing fake invoices to the extent of ₹274 crore and passing on illegal and unlawful Input Tax Credit to the extent of ₹22.12 crore.
The person was arrested on January 26 and produced before the Economical Offences Judge II, Egmore, Chennai, says a PIB release.
The case against the arrested person was that he along with some accomplices has taken GST registrations by misusing KYC documents of other persons. The arrested person was also acting as tax-consultant to prepare all the documentation, including invoices for these fictitious companies. The purpose of floating such fictitious companies is to commit GST credit frauds. ....

Tamil Nadu , Central Excise Department , Chennai Outer , Input Tax Credit , Economical Offences Judge , Invoice Value , தமிழ் நாடு , மைய கலால் துறை , சென்னை ஔடர் , உள்ளீடு வரி கடன் , பொருளாதார குற்றங்கள் நீதிபதி , விலைப்பட்டியல் மதிப்பு ,