Maharashtra: CGST authorities held six key persons over fake input tax credit worth Rs 5 crore

Authorities from the Central Goods and Services Tax (CGST) have reportedly detained six important individuals from the same number of businesses for alleged input tax credit breaches.

The release by Prabhat Kumar, commissioner, CGST and Central Excise, Navi Mumbai Commissionerate, said that the six have been arrested on the charges of availing or utilising or passing on fake input tax credit worth Rs 5.01 crore received from bogus entities.

Bogus invoices worth nearly Rs 30 crore were raised without the actual supply of goods or services, said the release. It identified the firms as M/s Bluesky Trading Company, M/s Scorpion Enterprises, M/s C A Traders, M/s Amrut Traders Impex, M/s Sona Trading Company and M/s Shree Satyam Trading Company.