One arrested for Rs.63 crore GST evasion

Anant Shah, a resident of Ahmedabad, was arrested on Sunday by officials of state goods and services tax (SGST) department, for evasion of taxes of Rs 63 crore. Shah was produced before the court on Monday and has been remanded for seven days.

Shah was operating three bogus firms JK Traders, Reevan Creation and Gayatri Corporation, all three of which were involved in illicitly claiming input tax credit worth Rs 65 crore. Shah fraudulently obtained documents of poor people in his office and floated three firms to show fake transactions.

The department officials got the tip-off for Shah’s involvement in tax evasion following raids conducted at multiple places since March 8. Following these raids, a lot of billing documents, bill books of fake firms in addition to a lot of incriminating digital documents and data were found, all of which pointed to Shah’s involvement in the fake billing scam.

SGST officials are investigating the matter further and involvement of more people is likely in this case. Of late, SGST department officials are using big data analytics to scan e-way bills and GST returns to be able to track down those involved in fake billing scam.

Source form - https://timesofindia.indiatimes.com/city/ahmedabad/one-arrested-for-63-crore-gst-evasion/articleshow/90242147.cms