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Home > Mumbai > Mumbai News > Article > Private firm owner aide arrested for GST fraud in Navi Mumbai

Private firm owner, aide arrested for GST fraud in Navi Mumbai

Updated on: 18 November,2022 03:33 PM IST  |  Navi Mumbai
PTI |

The accused have been arrested under relevant provisions of the Central Goods and Services Act, 2017

Private firm owner, aide arrested for GST fraud in Navi Mumbai

Representative image. Pic/Istock

Officials of the Central Goods and Services Tax (CGST) in Navi Mumbai have arrested a company owner and his aide for allegedly availing and passing on fake input tax credit to the tune of Rs 20.96 crore, an official said on Friday.


The CGST officials had on Wednesday arrested the proprietor of two companies "Storage Miles and Catbus", while his accomplice was also subsequently nabbed in connection with the irregularities, the official said.


Also read: Mumbai Crime: Five arrested for betting on T20 World Cup match


The firms had allegedly availed and utilised input tax credit of Rs 10.48 crore, which has been received from bogus/fake entities on the strength of bogus invoices and passed on the same amount. The total amount of bogus invoices involved is to the tune of Rs 117 crore, without actual supply of goods or services, he said.

The accused have been arrested under relevant provisions of the Central Goods and Services Act, 2017, the official added. 

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