• Notification Date: 27-01-2022
• Notification No: N/A

27-Year-old Arrested by GST Authorities for issuing Fake Rs.1, 000 Crore Bills

A 27-year-old accountant has been arrested by the GST authorities on Tuesday for issuing bogus bills of Rs.1, 000 crore. He also committed an input tax credit fraud of Rs.181 crore.

The accountant has studied up to 12th standard and after that, he worked as an accountant and GST consultant. According to the official statement, he was arrested by the officers of the Palghar CGST Commisionerate of the Mumbai Zone.

Specific information was received from data mining and data analysis, which eventually led to the investigation. This further pointed out that M/s Nithilan Enterprises was involved in the availing and passing of false ITC. The company was passing fake invoices without any receipt of goods or services.

The statement further revealed that the accountant had disguised under the name of one of his clients to carry out the GST fraud for monetary gains. After being confronted with the necessary evidence, the accountant confessed to issuing Rs.1, 000 crore of fake bills. He also confessed to availing fake ITC of Rs.181 crore. The news was reported on Wednesday, the day after his arrest.

The accused has been arrested by a local court and kept in judicial custody for 14 days. According to the investigation, the 27 y/o works for a bigger racket outside that traps innocent people to prepare GST registration for them and then steals the registration and passes on fake ITC.

The system is trying to find out the main kingpin of this racket and the other members. The Palghar CGST Commissionerate has discovered tax evasion of Rs.460 crore single-handedly. He has recovered 12 crores and has arrested two culprits so far.