Two businessmen involved in GST evasion arrested

The Lucknow unit of the Directorate General of GST Intelligence (DGGI) today arrested two businessmen involved in GST evasion through bogus firms and billing.

Acting on inputs, searches were carried out at various locations in Kanpur resulting in the detection of a massive fraud in billing under GST to pass on wrong Input Tax Credit (ITC).

The sleuths arrested Manoj Kumar Jain and Chandra Prakash Tayal, deputy DGGI director Kamlesh Kumar said, adding that the operation was carried out on the directives of Additional Director General, Rajendra Singh.

It was found that the duo, through various firms, were engaged in issuing bogus bills and invoices for supply of goods without any supply actually taking place, Kumar said.

This was being done with the sole intention of passing ITC benefits to their clients, he added.

During the past one year, they have issued bogus invoices of about Rs 400 crore involving GST evasion of Rs 60 crore, he said further.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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