Eight chartered accountants, 250 others arrested in drive against fake GST invoice frauds
Representational Image
GST Intelligence sources have reported that 258 persons, including eight chartered accountants (CAs), have so far been arrested in the nationwide drive against fake GST invoice frauds. The arrests have all been made in the last two and a half months, specifically in the period since mid-November, 2020.
According to sources at the Directorate General of GST Intelligence (DGGI), North Zone, Gurugram, the eighth CA was arrested, along with four of his business accomplices, yesterday in Jaipur. They had been operating 25 fake firms to fraudulently avail and pass on ITC through bogus invoices without any actual supplies of goods and services.
GST authorities recover Rs 820 crore in 2,500 fake invoice frauds since mid-Nov
Eight chartered accountants have been arrested so far in fake invoice frauds; ICAI has been informed about these arrests and asked to take appropriate actions as per their own rules
BusinessToday.In | January 24, 2021 | Updated 22:25 IST
Another chartered accountant, along with his four business accomplices, was arrested in Jaipur on Saturday in relation to GST invoice frauds. The arrested were allegedly operating 25 fake firms to fraudulently avail and pass on input tax credit (ITC) through bogus invoices without actual supplies of goods or services.
With this arrest, eight chartered accountants have been arrested so far in fake GST invoice frauds since mid-November 2020, informed sources at Directorate General of GST Intelligence (DGGI). Till now, 258 persons have been arrested in the nationwide drive to curb such frauds.
DGGI sources said that out of the 258 arrested so far, at least two persons have been booked under COFEPOSA or Conservation of Foreign Exchange and Prevention of Smuggling Activities Act also. The ongoing drive by GST intelligence and CGST authorities is ongoing with more than 2500 case booked against 8000 fake GSTIN entities as of now.
Updated Jan 15, 2021 | 00:01 IST
Meanwhile, the Delhi High Court is slated to hear a case on April 26 where damages have been sought for property which was forfeited by the Central government during the 1975 Emergency. Supreme Court of India | Photo Credit: PTI
Key Highlights
Will court ruling lay precedent to punish accused in decades-old riots, group crimes?
Former AG feels no point raking up decades old bad chapter of Indian democracy
The Supreme Court is currently examining the issue whether the declaration of a nationwide Emergency in 1975 was unconstitutional and if it would feasible or desirable to pass such orders after decades.
The ‘good-governance’ problem
How India’s top bureaucrats saw the end of the Emergency, and why it’s relevant today.
M G Abrol was presumably asleep in his house when, in the early hours of 21 March 1977, the noise of a telephone rang through the halls. The additional secretary in the Ministry of Finance might not have been surprised to hear the voice of his equivalent at the Ministry of Home Affairs, P P Nayyar, at 2.30 am in the morning. For the past twenty months, India had been under Emergency, with the prime minister’s executive-rule filling the vacuum left by the suspension of democracy. It was a period replete with late-night calls and secret lists being compiled by bureaucrats for penalising dissenters, sometimes on the instructions of political functionaries, sometimes in sheer caprice.