• Notification Date: 29-01-2022
  • Notification No: N/A

Bullion Trader Arrested for GST Scam

A bullion trader, Ashwin Pukhraj Jain, has been arrested by the CGST and the Central Excise Department. He has been arrested for alleged Input Tax Credit (ITC) fraud of Rs.20.8 crore.

Ashwin Pukhraj Jain is one of the directors of Jain Vinayak Impex and Jai Vinayak Metal. The office is situated in Kalbadevi.

According to the report of the GST officials, Jain Vinayak Impex had availed ITC which is not legit. He availed ineligible ITC to the tune of Rs.13.25 crore. The fake ITC was acquired under false entities. The sister company of Jain Vinayak Impex is Jai Vinayak Metal. This company has availed ineligible ITC of Rs.7.51 crore.