Court denies bail to CA, 2 others in GST fraud

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A court has rejected the bail plea of a woman CA and two others for raising fake invoices to avail input credit of Rs 11.51 crore last week.

They were arrested by Director General of GST, Jaipur. Sandeep Goyal and Rajesh Arora, both residents of Abohar in Punjab took help of Himanshi Munjal, 28, a chartered accountant in Jaipur to generate fake invoices.

Investigators, who conducted some raids, said 35 fake firms were floated to execute the fraud. Across the country, DG, GST has detected such frauds worth hundreds of crores. Recently, GST sleuths have even arrested film director Vijay Guette for a Rs 34 crore fake input credit in Mumbai.

First two cases of GST fraud were detected in Mumbai on March 1 when GST officials arrested two directors. In May, a fake input credit worth Rs 450 crore was detected using bills worth Rs 2500 crore. In May, in Rajasthan, another chartered accountant Pankaj Khandelwal was arrested for registering fake firms that dwindled GST input credit worth Rs 22 crore. A few other shell companies related to the case had taken false credit for another Rs 36 crore.

Read More at: https://www.indiatoday.in/india/story/jaipur-court-denies-bail-to-ca-2-others-in-gst-fraud-1310287-2018-08-09

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