Jalandhar: Searches by the Central GST Commissionerate, Jalandhar, at the residential and office premises of key individuals involved in the nexus of fake firms has led to the seizure related to 23 dummy firms involving a taxable value of Rs 1,000 crore and GST evasion to the tune of around Rs 130.50 crore.The department also arrested the main accused, Jaswinder Mahi alias Happy. The searches were conducted at six locations on Tuesday. “The anti-evasion branch of Central GST Commissionerate, Jalandhar, initiated an investigation on the basis of information that a person, namely Jaswinder Mahi alias Happy, is involved in the creation of fake/bogus firms regarding the systematic passing of the fraudulent input tax credit (ITC). The investigation revealed tax evasion of around Rs 130.50 crore and Jaswinder Mahi was arrested,” read a statement issued by the commissionerate.“During these searches, several incriminating documents and electronic devices were also seized, which may further reveal several other details during the further investigation. The investigation is ongoing to uncover the full extent of the network and identify other entities involved,” the commissionerate added.MSID:: 128212417 413 |
