Moradabad exporter arrested for Central GST fraud of Rs 28 crore and for fraudulently availing Rs 8 cr ITC

Moradabad, Nov 21 (KNN) A Moradabad based exporter has been arrested for Central Goods and Services Tax (GST) fraud of as much as Rs 28 crore and for fraudulently availing Input Tax Credit (ITC) of around Rs 8 crore.

The Customs and GST authority have been cracking down on fake GST invoices and Input Tax Credit (ITC) cases.

The officials in Meerut arrested a Moradabad-based exporter of clutch plates and disc pads for fake invoices of approximately Rs 28 crore and fraudulently availing ITC of around Rs 8 crore. According to a media report, the exporter has been arrested and Rs 7.80 crore recovered from him. 

This is considered as one of the biggest individual cases of fake invoices under the GST regime in recent months after the Directorate of Revenue Intelligence and Directorate General of GST Intelligence had in nationwide searches in September unearthed fake GST invoices of Rs 3,500 crore and fraudulent claims of over Rs 470 crore of Integrated GST (IGST).

The September crackdown covered exporters at 336 locations in 15 states.

Frauds committed under GST regime is a cognizable and non-bailable offence and invites a jail term of up to five years.

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