Comments
The officials in the anti-evasion wing of Central GST Commissionerate in Mangaluru have registered a a case against two firms for raising fake invoices and evading GST.
A press release by the commissionerate said that the firms — Thouheed Scrap Dealer and MK Traders — had taken fraudulent input tax credit (ITC) based on fake invoices received from different firms/entities, without actual receipt of the goods.
The ITC taken was utilised for evasion of GSTon their supplies of metal scrap, procured from local unregistered dealers, without payment of GST to manufacturers of aluminum, copper rods, ingots, castings etc.
The amount of ITC taken and utilised based on the fake invoices by Thouheed Scrap Dealer and MK Traders is approximately ₹15 crore, and the value of goods involved in this case is approximately ₹83 crore, it said.
PK Abdul Raheem, proprietor of Thouheed Scrap Dealer, and Abdul Khadar Kuloor Chayebba, Proprietor of MK Ttaders, have been arrested. Investigation is progressing to trace further leads to identify other firms involved in the fake invoice racket, the release added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.