Raipur. Chhattisgarh Directorate General of Goods and Services Tax Intelligence (DGGI), Raipur Zonal Unit, in a major action, has arrested the operator of Vijay Lakshmi Trade Company on charges of tax evasion. The accused was running a firm registered in the name of his son. DGGI has arrested him for alleged involvement in GST evasion of Rs 14 crore and sent him to jail today on Friday.
Investigation has revealed that the value of fake invoices in this case is approximately Rs 80 crore and the amount of tax evasion is Rs 14 crore. The accused were found to be availing the benefit of Input Tax Credit (ITC) through fake invoices without actual supply of any goods or services, causing huge loss to the government exchequer.
Based on credible intelligence and data analytics, a detailed investigation was conducted by all the officers of Directorate General of Goods and Services Tax Intelligence (DGGI) Raipur Zonal Unit, wherein after examining the bank statements of the suppliers and e-way bill data and other financial transactions of the taxpayer, it was concluded that the accused was indulging in availing fraudulent input tax credit on the basis of fake invoices.
After gathering sufficient evidence, since the amount of input tax credit exceeds five crores, the accused was arrested under the provisions of Section 69 of the CGST Act, 2017 for committing an offense punishable under Section 132 of the Act. Accused Santosh Wadhwani was produced in Raipur District Court and taken to Raipur Central Jail on the evening of 30 January.
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