GST fraud worth Rs 323 crore unearthed in Odisha, 2 arrested
- ByAyushi Ray | September 4, 2021
GST fraud worth Rs 323 crore unearthed in Odisha, 2 arrested. Commercial Taxes and GST Commissioner Sushil Kumar Lohani told India Today TV that the department has arrested a chartered accountant and his associate Satindra Kumar Yadav for allegedly creating and operating 13 fictitious firms. “The two availed and passed ITC worth Rs 323 crore by raising fake purchase and sale invoices to the tune of Rs 1,819 crore in the name of 13 fictitious or non-existent business entities,” Lohani said. “The two availed and passed ITC worth Rs 323 crore by raising fake purchase and sale invoices to the tune of Rs 1,819 crore in the name of 13 fictitious or non-existent business entities,” Lohani said.
The actual loss to the Odisha government is Rs 58.14 crore as the ITC was passed on to recipients outside the state. “The duo committed the fraud by taking advantage of the newly-introduced simplification of GST,” added Lohani. The fraudulent activity impacted many states including West Bengal, Jharkhand, Chhattisgarh and Delhi. Officers went to different states and conducted investigations, taking the help of the jurisdictional officers concerned.
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