• Notification Date: 01-11-2021
• Notification No: 12/2021-22

Mumbai: Two businessmen issue bogus invoices in GST fraud, arrested

In two separate cases, the Anti Evasion cell of the Central Goods and Service Tax have arrested two businessmen, Mohammed Harish Khan, for allegedly availing Input Tax Credit of Rs 12 crores and Atif Ahmed Shaikh for availing Rs 16 crores, fraudulently.

The CGST officials arrested Khan, the proprietor of Iron Allegiance who had availed the ITC on the basis of invoices to 18 non-existing firms.

Shaikh, the proprietor of Ayesha Metal Work was arrested by officials, had issued invoices by 20 suppliers. Some of the suppliers were found to be non-existing companies.