November 05, 2024 09:21 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region | US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row
Father-son duo arrested from Shahdara in Delhi on GST evasion charges says Union Finance Ministry

Father-son duo arrested from Shahdara in Delhi on GST evasion charges says Union Finance Ministry

| @indiablooms | 24 May 2018, 01:58 pm

New Delhi, May 24 (IBNS): The Union Ministry of Finance in a released on Thursday said that the Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on May 22 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to Copper industry.

It is the first case of arrest in Delhi, under the new tax regime that came into force on July 1, 2017.

Searches were conducted at several places during which various incriminating documents and evidence were found, the release said.

Investigation that followed revealed involvement of the father and son.

Both were arrested under Section 69 (1) of CGST Act and Chief Metropolitan Magistrate (CMM), Patiala House, remanded them to judicial custody for 14 days.

As per Section 132 of the CGST Act, issuance of an invoice or bill without supply of goods and wrongful availment or utilization of input tax credit is a cognizable and non-bailable offence if the amount involved is over rupees five crores.

Further investigations are underway and the quantum of evasion is likely to go up, the ministry said.

Officers are not ruling out the possibility existence of several other fake firms as the investigation moves ahead.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.