The GST officials have unearthed a racket of evading taxes worth Rs 73.89 crore and arrested a businessman. The officials said that the accused floated several fake firms and prepared bogus invoices to evade paying GST.
Mukim Pathan, who runs MK Traders, has been arrested and produced before the chief judicial magistrate who sent him to judicial custody.
Pathan created 23 shell firms and used their credentials to prepare bogus invoices and e-way bills. He cleared goods worth about Rs 432.51 crore under the cover of these fake invoices without paying GST.
Source from: https://timesofindia.indiatimes.com/city/vadodara/23-shell-firms-formed-to-evade-gst/articleshow/79136492.cms