New Delhi, December 13: GST authorities have arrested as many as 140 persons, including five chartered accountants, in about a month's time on charges of issuing fake invoices, and have now trained their guns on entities transporting under-valued goods.
In its nationwide drive against fake invoice frauds since the second week of November, the Directorate General of GST Intelligence (DGGI) have also unearthed cases of GST evasion by way of transporting under-valued and unaccounted goods, they added. Tax Department to Conduct Consultation Prior to Issuance of Show-Cause Notices to Evaders and Assesses of GST.
Revenue Department sources said some companies of Delhi and Himachal are under investigation for under-valuation of goods and its transportation through transporters of Ludhiana and Jalandhar. During searches and surveys, the field formations have seized unaccounted goods as well.
DGGI sources said that it appears that a good number of transporters too are involved in this kind of GST evasion activities through under-valued goods transportation and further investigations are required to ascertain the evasion to the exchequer.
Sources said that preliminary investigation done so far shows under valuation of goods by 20-30 per cent and a number of unaccounted goods, which have been seized. RTGS Facility, Used for Large Value Transactions, to Become Operational 24X7 From December 14, Says RBI Governor Shaktikanta Das.
Since the second week of November, GST officers have booked 1,488 cases against 4,839 fake entities and arrested 140 unscrupulous persons including five chartered accountants and a woman, for allegedly being involved in fake invoicing.
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