The Preventive wing of CGST, Gandhinagar Commissionerate arrested one Ehsasali Tasvarali Saiyed (29), in Ahmedabad, on Friday for issuing bogus taxable invoices worth Rs 1,210 crore.
The accused, a resident of Vadodara and suspected to be the mastermind, was operating 66 firms, registered under proxy proprietors. Furthermore, he had enabled firms to which he passed on the invoices, to claim fraudulent input tax credit of Rs 177.64 crore.
The accused would pay Rs 5,000 to Rs 10,000 to the proprietors per month for using their documents and running the firms in their names, while also receiving one per cent of invoice value as commission from the other firms to whom he issued the fake invoices.
Read more at : https://indianexpress.com/article/india/gandhinagar-cgst-department-arrests-one-for-gst-fraud-5556649/