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Man held over GST credit fraud worth Rs 47.32 crore
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....an held over GST credit fraud worth Rs 47.32 crore<BR>GST<BR>Dated:- 21-8-2025<BR>PTI<BR>Thane, Aug 21 (PTI) A man has been arrested in Maharashtra's Thane district for his alleged role in a GST (Good....
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....s and Services Tax) credit fraud worth Rs 47.32 crore, an official said on Thursday. According to a release by the Thane commissionerate of Central GST, “The case was detected using internally deve....
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....loped intelligence and advanced data analysis tools, which revealed that M/s KSM Enterprises, run by Vivek Rajesh Maurya, had fraudulently claimed and passed on ITC without any actual supply of goods ....
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....or services.” Under the GST system, ITC (input tax credit) is a mechanism that allows businesses to offset the tax they pay on their purchases against the tax they collect on outputs, thus preventi....
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....ng double taxation. The CGST release said that a “search” at Maurya’s residence led to the recovery of “incriminating” evidence like bank passbooks, chequebooks, mobile phones and “docume....
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....nts linked to several fraudulent firms”. Maurya was arrested on August 19 and produced before a judicial magistrate, who remanded him in judicial custody for 14 days, the release said. The authori....
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....ties said that more names could surface as investigations continue. PTI COR NR<BR> News - Press release - PIB....