Odisha Goods and Services and products Tax (GST) Commissionerate busted tax invoice fraud to the tune of Rs 510 crore and arrested its mastermind, Sandeep Mohanty in Cuttack, an official mentioned on Friday.
SK Lohani, Odisha Commissioner, Central Tax (CT) and GST while talking to ANI mentioned that the accused has current his crimes.
“There are other folks that are trying to misuse the GST machine. After diagnosis of knowledge, we shortlist doubtful tax returns and accomplish field tests of such filing entities. On this job, we stumbled on a tax theft racket the put an person named Sandeep Mohanty passe fraudulent elevate and sale invoices of Rs 510 crores,” Lohani mentioned.
“Mohanty availed bogus input tax credit score (ITC) and fraudulent elevate invoices on the title of 22 fictitious corporations that came to light when the Enforcement Flit conducted a statewide search operation,” he added.
The official additional mentioned that at some level of interrogation, “Mohanty current that he misused the GST machine to attain the fraud.
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