Amritsar division of Central Goods and Service Tax (CGST) commissionerate and anti-evasion wing has unearthed tax evasion of Rs 39 crore by a syndicate of fake firms operating in Amritsar, Batala and Jalandhar. CGST deputy commissioner Balwinder Singh said on Friday the said firms had issued bogus invoices for Rs 350 crore to evade tax. He said a case of fake invoices against seven firms had been registered.
According to Balwinder, one of the main accused and possibly the mastermind of the syndicate of fake firms, admitted to an individual tax liability of Rs 9.46 crore of his two Amritsar-based firms Nav Bharat Allied and Chemicals and Shri Durgaji Enterprises. He was arrested on Thursday, said Balwinder, while declining to identify the accused who was now remanded to judicial custody. Balwinder also said preliminary investigations pointed out to the possibility of more tax evasion, to the tune of Rs 50 crore.