Sunday, June 1, 2025
No Result
View All Result
Sun Star TV
Read News in Odia
  • Home
  • Special
  • State
  • Nation
  • World
  • Business
  • Education
  • Sports
  • Culture
  • Entertainment
  • Lifestyle
  • Health
  • Food
  • Technology
  • Politics
  • Tourism
  • Home
  • Special
  • State
  • Nation
  • World
  • Business
  • Education
  • Sports
  • Culture
  • Entertainment
  • Lifestyle
  • Health
  • Food
  • Technology
  • Politics
  • Tourism
Sun Star TV
Od
Home Nation

Mumbai businessman arrested for GST fraud worth Rs 31

4 years ago
in Nation
0
Mumbai businessman arrested for GST fraud worth Rs 31
0
SHARES
41
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp
FacebookTwitterPinterestLinkedIn

SunstarTV Bureau: The Maharashtra Goods and Services Tax (GST) department has arrested a Vile Parle-based businessman for allegedly causing revenue loss of Rs 31 core to the state government by fraudulently claiming input tax credit, on Friday.

As per the department, accused Anuj Gupta, who has five firms registered under Maharashtra Goods and Service Tax Act 2017, and other two firms registered in the Union Territory of Dadra and Nagar Haveli, had shown estimated bogus purchases for over Rs 272 core and had availed bogus input tax credit of more than Rs 31 core without actually buying any goods or services.

Input tax credit is an option that allows taxpayers to claim credit for taxes paid on purchase. Issuance of an invoice or bill without supply of goods or services and wrongful availing or utilisation of input tax credit on a bill or invoice, without any supply of goods or services, is a cognisable and non-bailable offence.

The two firms at Dadra Nagar Haveli have even received a refund of more than Rs 11 core from the government. “With the help of the Dadra Nagar Haveli GST officers, it was found that these companies physically possess only 20% of the total stock value that is claimed to be in their possession,” stated a GST officer.

Gupta was produced before a magistrate and has been sent to 14 days of judicial custody. His offences attract imprisonment of up to 5 years with fine as per the Goods and Services Act , 2017.

Tags: Dadra Nagar HaveliDadra Nagar Haveli GSTMaharashtra Goods and Services Tax
Previous Post

Covid-19 cases tally crosses 93 million marks globally

Next Post

Chilika starts its fourth annual flora, fauna survey

Related Posts

Chief Minister Naveen Patnaik shares Odisha’s achievements on food security at WFP headquarters in Rome
Nation

Chief Minister Naveen Patnaik shares Odisha’s achievements on food security at WFP headquarters in Rome

3 years ago
CAIT RELEASED WHITE PAPER ON E COMMERCE TODAY AT NEW DELHI
Nation

CAIT RELEASED WHITE PAPER ON E COMMERCE TODAY AT NEW DELHI

3 years ago
Naveen Patnaik – A true leader’s hand writing success mantras of Odisha
Nation

BUDGET REACTION OF HON’BLE CHIEF MINISTER

3 years ago
Bhubaneswar awarded in gold category for e-Governance
Nation

Bhubaneswar awarded in gold category for e-Governance

3 years ago
125 Passengers Of Chartered Flight From Italy Test Positive In Amritsar
Health

125 Passengers Of Chartered Flight From Italy Test Positive In Amritsar

3 years ago
Secretary of Ministry of Housing and Urban Affairs meets CMO
Business

Secretary of Ministry of Housing and Urban Affairs meets CMO

4 years ago
Next Post
Chilika starts its fourth annual flora, fauna survey

Chilika starts its fourth annual flora, fauna survey

Kangana Ranaut announces Manikarnika Returns: The Legend of Didda

Kangana Ranaut announces Manikarnika Returns: The Legend of Didda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Currently Playing

ସନଷ୍ଟାର ଟିଭି ର ସଂକଳ୍ପ , ବଦଳିବ ଖବର ପରିବେଷଣ ର ପରିଭାଷା | SUNSTARTV PROMO | #Sunstartv

ସନଷ୍ଟାର ଟିଭି ର ସଂକଳ୍ପ , ବଦଳିବ ଖବର ପରିବେଷଣ ର ପରିଭାଷା | SUNSTARTV PROMO | #Sunstartv

00:01:33

Recent News

Routes May Change, But Relationships Endure: How Bushra Khan Champions Loyalty-Driven Logistics at PPL From handling cargo to cultivating trust, Paradeep Parivahan Ltd. delivers more than just logistics

Routes May Change, But Relationships Endure: How Bushra Khan Champions Loyalty-Driven Logistics at PPL From handling cargo to cultivating trust, Paradeep Parivahan Ltd. delivers more than just logistics

May 13, 2025
Dr. Khalid Khan Is Not Just Scaling Logistics

Dr. Khalid Khan Is Not Just Scaling Logistics

May 13, 2025
Kerala News: Massive landslide in Kerala, death number reaches 36

Kerala News: Massive landslide in Kerala, death number reaches 36

July 30, 2024
Top 10 highest paid CEOs in India, earning crores of rupees

Top 10 highest paid CEOs in India, earning crores of rupees

July 29, 2024
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Developed By Ratna Technology.

© 2020 SunStarTV.

  • Home
  • Special
  • State
  • Nation
  • World
  • Business
  • Education
  • Sports
  • Culture
  • Entertainment
  • Lifestyle
  • Health
  • Food
  • Technology
  • Politics
  • Tourism

© 2020 SunStarTV.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist