An accountant has been arrested for allegedly issuing bogus bills of Rs 1,000 crore and committing an input tax credit fraud of Rs 181 crore. The accountant had stolen the identity of one of his clients for committing the GST fraud for monetary gains.
The 27-year-old man had studied till class 12 and worked as an accountant and GST consultant who was arrested by officers of the Palghar CGST Commissionerate of the Mumbai Zone.
A local court remanded the arrested accused to judicial custody for 14 days. The accountant was arrested under Section 69 of the CGST Act, 2017 for violations punishable under Section 132 of the CGST Act, 2017 said the tax authority.
The GST department said in a statement, “It is suspected that he (accountant) is a part of a bigger network which lures innocent people to obtain GST registrations and then steals the identity. This stolen identity is used for generating, availing and passing on of fake ITCs without actual supply or receipt of goods or services. All efforts are being made to identify and nab the kingpin and other members and beneficiaries of this network.”
The GST department added that its Palghar office has so far detected tax evasion of Rs 460 crore, recovered Rs 12 crore and arrested two persons in separate cases in the last few months.
