City IT firm’s CEO held for Rs 45cr GST fraud
ByArchana MoreArchana More / Updated: Dec 27, 2020, 06:00 IST
The
DGGI) arrested Deven Mehta, the promoter and chief executive officer (CEO) of Pune-based M/s
Smart Card IT Solutions Ltd, for cheating the government over Rs 45 crore by generating
fake invoices without supply of goods and services.
DGGI officials told the court that Mehta is an important cog in the conspiracy aimed at duping the exchequer by creating a complex web of transactions amongst inter-connected as well as unrelated companies engaged in
fraudulent issuance of tax invoices.
Smart Card IT Solutions (SCIT) is involved in manufacturing banking IDs and telecom cards. The company is located at Sanaswadi on Pune-Ahmednagar road. GST intelligence officers received a tip-off that the company is engaged in the activity of issuance and receiving fake invoices without supplying goods and services. The team, headed by senior intelligence officer Ajit Kumar Karthik