Businessman held for tax fraud of ₹22 crore
Businessman held for tax fraud of ₹22 crore Updated: Updated: Share Article AAA The Central Goods and Services Tax, Commissionerate (CGST), Gurugram, has arrested a businessman for Input Tax Credit fraud to the tune of ₹22 crore on Monday. The accused Rajesh Kumar Gupta of the firm M/s Deep Chand Rajesh Kumar, Gurugram, had passed on Input Tax Credit fraudulently to the tune of ₹22.74 crore involving invoice value of ₹26.11 crore on the strength of invoices issued to 13 non-existent fake firms located in various States.During search proceedings at the residence of assessee, unaccounte...
Source: thehindu.com