Raipur. Chhattisgarh Directorate General of Goods and Services Tax Intelligence (DGGI), Raipur Zonal Unit, in a serious motion, has arrested the operator of Vijay Lakshmi Trade Company on charges of tax evasion. The accused was working a agency registered within the identify of his son. DGGI has arrested him for alleged involvement in GST evasion of Rs 14 crore and despatched him to jail right this moment on Friday.
Investigation has revealed that the worth of pretend invoices on this case is roughly Rs 80 crore and the quantity of tax evasion is Rs 14 crore. The accused have been discovered to be availing the profit of Input Tax Credit (ITC) by pretend invoices with out precise provide of any items or companies, inflicting enormous loss to the federal government exchequer.
Based on credible intelligence and knowledge analytics, an in depth investigation was carried out by all of the officers of Directorate General of Goods and Services Tax Intelligence (DGGI) Raipur Zonal Unit, whereby after analyzing the financial institution statements of the suppliers and e-way invoice knowledge and different monetary transactions of the taxpayer, it was concluded that the accused was indulging in availing fraudulent enter tax credit score on the premise of pretend invoices.
After gathering ample proof, because the quantity of enter tax credit score exceeds 5 crores, the accused was arrested underneath the provisions of Section 69 of the CGST Act, 2017 for committing an offense punishable underneath Section 132 of the Act. Accused Santosh Wadhwani was produced in Raipur District Court and brought to Raipur Central Jail on the night of 30 (*14*).