Thane: Firm owner arrested for GST fraud of Rs 8 crore


Officials of the Central Goods and Services Tax (CGST) have busted racket involved in generating fake input tax credit worth Rs 8 crore and arrested the proprietor of a firm dealing in trading of construction material, an official said on Friday.

Acting on a specific input, the anti-evasion wing of the CGST Thane Commissionerate initiated an investigation against J.J. Lime Depot, which deals in trading of construction material, he said.

The probe revealed that the firm had fraudulently claimed input tax credit of Rs 8.05 crore and had also issued bogus invoices of more than Rs 40 crore for passing on of this tax credit, without any supply of goods, in gross violation of provisions of the CGST Act, 2017, the official said.

In his statement, recorded during the investigation, the proprietor of the firm admitted that he had issued fake invoices to many Mumbai-based infrastructure companies, for commission, he said.

The firm`s proprietor was arrested on Thursday under the CGST Act, 2017 and has been remanded to judicial custody for 14 days, the official added.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/ reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

Originally published at

Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments

Recent Articles