The Central Goods and Service Tax and the Central Excise department arrested two businessmen in separate cases for fraudulently availing input tax credit (ITC) of Rs 17 crore.
CGST Mumbai unit arrested trader Ujwal Jain, a resident of Thakurdwar and director of SPN Gold India Pvt Ltd, engaged in wholesale of goldplated articles, jewellery of precious metals. SPN had availed inadmissible ITC amounting to Rs 7 crore on fake invoices issued by non-existing entities.
In the second case, CGST Bhiwandi unit, which was probing the fraudulent availment of Rs 10 crore in ITC, arrested Deep Himanshu Desai on Thursday. The CGST Bhiwandi commissionerate had earlier arrested Nisha Munjal (49), proprietor of Dixa Fabrics, Ekta Fabrics, and director of Ridgewood Industries and Pretty Woman Fashion Pvt Limited. The CGST and Central Excise Commissioner, Bhiwandi commissionerate, Sumit Kumar, said further investigation is on to identify other scamsters involved in the fraud.
Munjal’s lawyer Ravi Hirani said his client Nisha is innocent as she was only a namesake director in these firms, and the day-today activities of sales, purchase, taxation and accounting of these firms were carried out by Desai.