Latest News | GST Officers Arrest 357 Persons Since Mid-Nov for Fake Invoice Fraud
Get latest articles and stories on Latest News at LatestLY. GST officers have arrested 357 persons, including 12 chartered accountants, in about four months as part of its drive against fake invoices to check tax evasion, sources said on Tuesday.
New Delhi, Mar 9 (PTI) GST officers have arrested 357 persons, including 12 chartered accountants, in about four months as part of its drive against fake invoices to check tax evasion, sources said on Tuesday.
Since mid-November, 3,500 cases have been booked and 10,400 fake GSTIN entities have been unearthed by GST intelligence and Central GST officers so far.
Out of the 357 persons arrested so far, at least four persons have been booked under COFEPOSA (Conservation of Foreign Exchange and Prevention of Smuggling Activities Act). The authorities also have recovered around Rs 1,125 crore from them, sources added.
The arrested persons include 141 masterminds, 122 proprietors, 49 directors/managing directors, 20 partners, 5 CEO/CFO/CMD, 12 chartered accountants, 4 accountants, and one each of company secretary, advocate broker and GST practitioner.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)