GST authorities arrest 12 more in ongoing crackdown on fake invoicing
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Last Updated: Feb 23, 2021, 08:57 PM IST
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Synopsis
Several such instances have been unearthed by the authorities earlier where chartered accountants have been involved in bogus firms and/or issuance of fake invoices to fraudulently avail and pass on input tax credit or ITC without actual supplies of goods or services.
Among those arrested is a chartered accountant who was involved in running fake firms to issue fraudulent invoices.
The Directorate General of GST Intelligence and Central GST Commissionerates have arrested 12 persons in a single day in the ongoing drive against fake goods and service tax (GST) invoice frauds, revenue department sources said.
The Directorate General of GST Intelligence (DGGI) and CGST Commissionerates on Tuesday arrested 12 persons including a Chartered Accountant and a lady on charges of running fake firms created to issue fraudulent invoices.The Chartered .
Read more about Expect high GST collections to continue in Feb, say FinMin sources on Business Standard. Sources say the GST authorities have been using deep data analytics, integrated data-sharing to unearth input tax credit utilisation frauds via fake invoicing and bogus firms
GST invoice fraud: 12 individuals, including CA, arrested for ITC scam
The arrested chartered accountant is Abhishek Singhal, who ran fake firms to issue fraudulent invoices; he is the tenth chartered accountant arrested so far over GST invoice fraud charges
Dipak Mondal | February 24, 2021 | Updated 00:05 IST
In the ongoing nationwide drive against frauds involving fake GST invoices, the Directorate General of GST Intelligence (DGGI) and CGST Commissionerates have arrested 12 persons in a single day, including a chartered accountant.
The arrested chartered accountant (CA) is Abhishek Singhal, who ran fake firms to issue fraudulent invoices, informed Revenue Department sources. He is the tenth chartered accountant arrested so far over charges of running bogus firms and/or issuance of fake invoices to fraudulently avail and pass on input tax credit (ITC) without actual supplies of goods or services.
English schoolteacher Mary Tyler, who spent five years in Indian jails in the early 1970s on suspicion of being a Naxalite, recalled her experience in Anand Patwardhan-directed documentary
Prisoners of Conscience (1978). “As for the condition in the jail, they were very overcrowded,” she said. “Sanitation was extremely primitive; medical care was extremely poor, especially in the smaller jails; and there were lots of infectious and contagious diseases. Medical treatment was almost nil. Apart from that, there were severe water problems, clothing was not provided according to jail rules, visits were arbitrary. In general, one had a feeling that most of the prisoners there would not have a chance of being taken to court at all – let alone trial.” Tyler, who was interviewed for this film during the Emergency (1975-1977), later recollected her experiences at the Hazaribagh jail in a book,