By Diksha-
The Directorate General of GST Intelligence unit of Pune has booked Mr. Tusshar Munoat for a spurious Input Tax Credit (ITC) claim and defrauding the government of Rs.52.19 crore.
The accused allegedly committed his transactions through various bogus firms. He availed, utilised and passed on fake ITC by issuing invoices without receipts; nor did he sell any goods or services.
According to a release by the Pune unit, “These firms availed, utilised, and passed on fraudulent input tax credit on the basis of fake invoices without receipts of supply of goods or services and thereby defrauded the government exchequer to the tune of Rs 52.19 crore on taxable value of Rs 265.60 crore.”
The accused operated several firms in Madhya Pradesh, Uttar Pradesh, Maharashtra and Himachal Pradesh and efforts are being made to trace his accomplices in the racket; although he is the key mastermind behind the whole racket.
He was arrested on Wednesday and sent to jail by order of a local Court.
