• Notification Date: 15-02-2022
• Notification No: N/A

Businessman Arrested for availing Fake GST Input Tax worth Rs.7 Crore

A partner of a firm called Rushabh Bullion, who is also a trader of precious metal, has been arrested by the Anti-Evasion wing of CGST Mumbai South. The accused has been arrested on the charges of availing fake GST Input Tax Credit (ITC) worth Rs.7.11 crore. He availed the fake ITCs under the name of several fake entities.

He had established two fake companies, namely, Goldmine Bullion and Riddhi Siddhi Gold. These firms have no existence in reality.

The accused is Jitendra Ganeshlal Dhakad, who is a precious metal trader. He has been charged by several sections under CGST Act 2017. The offender has been ordered by the court to be held in judicial custody for 14 days.