GST consultant arrested in Vijayawada for ‘generating and using bogus invoices’ worth Rs.42.73 crore
Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, in the investigation of a major GST evasion case, arrested a GST consultant in Vijayawada, for his role in generating and utilising bogus invoices worth Rs.42.73 crore. This fraudulent activity resulted in a substantial tax evasion amounting to Rs.6.51 crore in Goods and Services Tax (GST).
As per the officials, the GST consultant misused the GST portal credentials given to him by his clients for filing GST returns. He then generated fake invoices in the name of their clients without any corresponding supply of goods, falsified their GST returns and routed the fraudulent Input Tax credit to scrap dealer located in Tamil Nadu.
The accused, responsible for generating bogus invoices and fraudulently passing on ITC worth Rs.6.51 crore, was arrested under Section 69 of the CGST Act, 2017. He was subsequently presented before the Special Judge for Economic Offences Court, Visakhapatnam, where he was remanded to judicial custody for 14 days. Further investigation is on.
