Mumbai: 2 businessmen, CA held for Rs 48 crore fraud for GST

MUMBAI: The Central Goods and Service Tax and Central Excise have arrested two businessmen and their chartered accountant who defrauded the GST department by evading taxes of Rs 48 crore.
The CGST Mumbai unit arrested partners of SRK Ventures, Sushil Dilip Mehta and Rajeev Chopra, and Sanam Rajendra Jain, under non-bailable sections of CGST Act 2017.
On the basis of information received from the central intelligence unit of CGST (Mumbai), they started an inquiry against SRK Ventures which had declared abnormally high value of Rs 963 crore in its April 2021 GSTR-3B returns.
The officials were surprised as there was no presence of physical stock, documents or records related to their business on the premises.On interrogation, Mehta admitted that he had fraudulently evaded GST amounting to Rs 48.17 crore.