GST It vI Be Highly Appriciable - Adobe Scan 26 April 2022

OFFICE OF THE  PRINCIPAL  COMMISSIONER  OF	NATION
CENTRAL GST, MUMBAI SOUTH	TAX
13th&15TH Floor, Air India Building, Nariman  Point, Mumbai-400 021.	TMARKET
Email  ID:  gstmumsouth-preomrt@gov.in

 

 

PRESS  RELEASE

 

_Anti-Evasion      Unit        of     Mumbai          South         ^{CGST      Commissionerate             has}

arrested     the    co-conspirator        in   a   case    of  M/s     New   Laxmilal     &   Co.    (GSTIN

_{27ACAPS6257K1ZS)   involving}  fake  ITC  of  ^{Rs.   11.07  Cr  on   the}  strength  ^of

bogus invoices of Rs 62.90  Cr,  without actual movement of goods

 

_{The  accused       in his   voluntary} statement  ^{recorded  under  Section  70  of}

_{CGST  Act,}    2017      has      _accepted  that  he  supplied bogus ^{invoices  to}  M/s  ^New

 

_{Laxmilal & Co. involving} network of seven ^{non-existent entities. Based on} _material evidence and his confessional statement, ^{the accused was arrested}

_{under Section 69} of the CGST _Act, 2017 for committing ^{offences under Section}

_{132(1) (b)} &  _(c) read with  Section  132(5) of ^CGST Act, ^{2017.  He was  produced}

_{before  Additional  CMM            court,}       Mumbai  on            26.04.2022            and      ^{was      remanded        to}

 

_{judicial custody} of 14 _days. The proprietor ^of M/s ^{New Laxmilal & Co. had} _already been arrested in Dec 2021 for availing ^and utilizing ^{fake ITC on the}

_strength of _bogus ^{invoices  of Rs  62.90  Cr.}

This      case      is    a   part      of Anti-Evasion              drive      launched          by    CGST,        Mumbai

_{Zone  against} the  tax  evaders.  As  a   part ^{of this}  drive,  ^{CGST  Mumbai  South}

Commissionerate has detected tax evasion of Rs 876 Crores approx., recovered Rs. 14.4 Crores approx. and arrested 8 persons during the last

seven  months.

The  CGST department  is  using  state  of the  art  and  sophisticated  data

 

analytics  and       network  analysis         tools  using  Artificial         Intelligence,       to   identify

_potential  and  chronic  tax  offenders.  Department  ^{is  also}  coordinating  ^with

other tax and  law enforcing authorities for  nabbing  tax evaders.

Raw

_{(Ramesh Chander)}          26 ^{.b4.  202L}

 

Commissioner