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GST frauds involving Rs.212 Crore.

By January 24, 2020No Comments


Enforcement Authorities have arrested two persons for their involvement in availing GST frauds involving Rs.212 Crore.

GST Commissioner Sushil Kumar Lohani said consequent upon the physical inspection and search of 27 business establishment conducted recently followed by intensive data analysis authorities have arrested two persons for their involvement in fraudulently availing of Rs.89 Crores of bogus input tax credit and passing of input tax credit of Rs.123 Crores on the strength of fake invoices.
The offences committed by both of them are covered U/s 132(1)(c), 132(1) (b), 132(1)(l) of Odisha GST Act, 2017 and are punishable under Section 132(1)(i) of the said Act.
The arrested persons are Amit Beriwal, Proprietor of G S Unitrade, Rourkela and Subash Chandra Swain, proprietor of BB Associates, Rourkela. Both the Masterminds and key suspects are arrested from Rourkela.
Investigation conducted so far reveals that, Beriwal along with Swain and others have created as many as 28 fictitious and dummy firms in the name of persons belonging to basically poorer section of the society like daily wage labors, private tutor, Crain operator, unemployed youths, house wives etc.

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