The investigation branch of the Maharashtra State GST Department in Nagpur arrested one Mahesh Keshwani, proprietor of M/s K&K Brothers, for allegedly availing and passing fraudulent Input Tax Credit (ITC) worth Rs. 33.93 crore. The firm, registered under the MGST Act, 2017, was found claiming ITC without actual procurement or movement of goods, sourcing credits from registration-cancelled suppliers.
A recent investigation at the firm’s Jaripatka office uncovered incriminating evidence, including system reports, indicating involvement in a larger network issuing fake invoices to facilitate tax evasion. Following his arrest, Keshwani was remanded to judicial custody until August 14 by the magistrate.
The operation, part of a special drive against fake invoicing, was led by assistant commissioner Ramesh Dalvi under the guidance of senior officials, including additional commissioner Tejrao Pacharne.
Source: The Times of India
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