The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • Nagpur City
  • Politics
  • Business
  • Nagpur Education
  • Entertainment
  • Nagpur Sports
  • Health
  • Vidarbha
  • Crime
  • Obituary
Nagpur City

Fake Invoice racket busted by DGGI, Nagpur Zonal Unit

by Himanshu December 18, 2020
written by Himanshu December 18, 2020
Fake Invoice racket busted by DGGI, Nagpur Zonal Unit

On the basis of specific information regarding the operation of a massive Fake invoice racket, simultaneous searches were conducted by the officers of DGGI, Nagpur Zonal Unit at a number of places in Yavatmal District. 

During the investigations and on interrogation of the authorized persons, it was revealed that 4 Taxpayers based in Yavatmal District were involved in issuance of Fake Invoices and availment of fraudulent Input Tax Credit, without supply of any goods or services. These Taxpayers had declared themselves as Commission Agents and the suspicion regarding their activities arose because these Taxpayers were showing huge transactions on paper while working on commission basis [996111] even though they were located in a remote area of Maharashtra with no major Industrial hubs in their vicinity and with very poor rail/road connectivity.

The declared places of business of these Taxpayers were all found to be residential premises with no business activities and deceptive documents were found to have been uploaded on GSTN as proofs of addresses. It was observed that these Taxpayers had undertaken fake transactions valued at Rs. 621.60 Crore only on paper and had cumulatively availed and passed on fraudulent ITC of Rs. 31.08 Crore on fake invoices without receipt or supply of any goods or services.

All 4 Proprietors have been arrested today and their interrogation is expected to give further clues regarding the fake operations.

0 comment
FacebookTwitterLinkedin
Himanshu

previous post
Physically Challenged Cricket Association Nagpur holds friendly match for disabled players
next post
Current Weather Status and Outlook for next two weeks (Dec 17 to 30 )

You may also like

Growing involvement of children in serious offences, a...

March 6, 2021

Nagpur reports 1183 fresh positive cases, tally reaches...

March 6, 2021

Establishments closed but people still on roads

March 6, 2021

WhatsApp message to Justice, report filed in court

March 6, 2021

Divisional office of state women’s commission will start...

March 6, 2021

Nagpur city restrictions extended till March 14; Saturday,...

March 5, 2021

COVID 19 vaccination now in two shifts

March 5, 2021

Fine Rs 40,000 levied by NMC on 5...

March 5, 2021

With dream and desire, a woman can achieve...

March 5, 2021

Nagpur district reports 1393 fresh COVID-19 cases, tally...

March 5, 2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.



Trending News

  • 18 services under RTO moves online

    March 5, 2021
  • COVID-19: Central Govt issues fresh guidelines for restaurants, shopping malls

    March 5, 2021
  • Yog Nritya spreading fitness in city gardens

    March 3, 2021
  • In10 Media Network’s New Hindi General Entertainment Channel ‘Ishara – Zindagi Ka Nazara’

    March 1, 2021
  • Sony launches digital voice recorder PCM-A10 for supreme sound, superior recording

    March 1, 2021

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

December 2020
M T W T F S S
« Nov   Jan »
 123456
78910111213
14151617181920
21222324252627
28293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.