UP exporter issues fake GST invoices of ₹28cr, arrested

NEW DELHI: In its ongoing crackdown on fake GST invoices and input tax credit (ITC) cases, the customs and central GST authority in Meerut arrested a Moradabad-based exporter of clutch plates and disc pads for fake invoices to the tune of Rs 28 crore and fraudulently availing ITC of around Rs 8 crore which was later recovered from him.
This is considered as one of the biggest individual cases of fake invoices under the GST regime in recent months after the directorate of revenue intelligence and directorate general of GST intelligence had in nationwide searches in September unearthed fake GST invoices of Rs 3,500 crore and fraudulent claims of over Rs 470 crore of integrated GST (IGST). The September crackdown covered exporters at 336 locations in 15 states.
Yashovardhan Pathak, additional commissioner, customs and central GST, Meerut said the department has recovered the amount of Rs 7.80 crore fraudulently claimed by the exporter and the investigation is still in progress after which penalty will be imposed on the accused. Moradabadbased Aamir and Sons and its proprietor Mohd Arif have been accused of obtaining fake invoices from five Read More – Source