TIWN
New Delhi, Nov 28 (TIWN) With the arrest of Mitesh M. Shah, who created 115 fake firms to avail and pass on fraudulent input tax credit (ITC) worth Rs 50.24 crore from Gujarat's Vadodara, the CGST Commissionerates and the Directorate General of GST Intelligence (DGGI) have so far arrested 59 persons within ten days of the nationwide drive against the GST fake invoice fraudsters.
According to people aware of the developments, Mitesh M Shah, who the DGGI has named the mastermind of the fake invoices scam, is among those arrested. Shah created 115 fake firms to avail and pass on fraudulent input tax credit (ITC) worth Rs 50.24 crore on fake invoices of miscellaneous goods/services in Vadodara, Gujarat, they added. A woman mastermind too has been arrested, the people cited above said.
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals
- Govt bonds worth Rs 30,000 crore to come up for auction on April 12
- Taiwanese chip major TSMC gets $6.6 bn subsidy for chip plant by US govt