Chhattisgarh Man Arrested For GST Fraud Worth ₹ 71 Crore image

Chhattisgarh Man Arrested For GST Fraud Worth ₹ 71 Crore

A man was arrested in Raipur in Chhattisgarh on Saturday for allegedly evading GST through bogus input tax credits worth ₹ 71.38 crore, an official said.

The Central Goods and Service Tax (CGST) official identified the accused as Sarvesh Kumar Pandey.

Sarvesh Pandey connived with one Hemant Kasera who was held last month for creating and managing a web of 13 fictitious firms to avail fake credit amounting to ₹ 62.73 crore, of which ₹ 51.42 crore was passed on to several other recipients till Feb 2024.

"Sarvesh Pandey not only purchased fake bills from Hemant Kesara but also from other fraudulent firms. Pandey availed ₹ 71.38 crore using bogus ITC to evade GST. He has been remanded in judicial custody," the official added.

Source from: https://www.ndtv.com/india-news/chhattisgarh-man-arrested-for-gst-fraud-worth-rs-71-crore-5589100

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