Goods and Services Tax – GST Dated:- 17-8-2019 – News – Two Arrests have been made by the Directorate General of GST Intelligence (HQs) in cases of fraudulent IGST refund claims here, today. As per the statement of the DGGI (HQs), the action was taken o n receipt of an input from Allahabad Bank, Paschim Vihar, New Delhi that suspicious transactions were noticed in the accounts of 4 proprietorship firms (Monal Enterprises Ors.) wherein large quantum of IGST refunds had been received by them immediately after their opening, without any prior business transaction history. Further, the refunds credited to these bank accounts were withdrawn/transferred in quick succession. Developing on the input, DGGI (HQs) verified that the address
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Investigations further revealed that Shri Ramesh Wadhera the mastermind who was controlled these fake firms and operated them with the connivance and active involvement of Shri Mukesh Kumar who fraudulently obtained identification documents used in this racket, from gullible employment seekers. It was further found that 10 more similar fake/fraudulent firms are being operated by the said two individuals. The total fraudulent IGST refund availed by these 14 firms amounts to ₹ 44 Crore, approximately. Searches were conducted at several premises over 13-15 th August, 2019. Shri Ramesh Wadhera and Shri Mukesh Kumar have been arrested under the provisions of Section 67 of the CGST Act , read with Section 20 of
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