INSUBCONTINENT EXCLUSIVE:
GST authorities have arrested a youth for issuing fake billsMumbai: An 'accountant' has been arrested for allegedly issuing bogus bills of
Rs 1,000 crore and committing an input tax credit (ITC) fraud of Rs 181 crore, GST authorities said on Wednesday.The 27-year-old man, who
had studied till class 12 and worked as an accountant and GST consultant, was arrested by officers of the Palghar CGST Commissionerate of
the Mumbai Zone, as per an official statement.Investigations into the matter started based on specific inputs received from data mining and
data analysis, which pointed to M/s Nithilan Enterprises being engaged in availing and passing of fake ITC by issuing fake invoices without
receipt of goods or services, it said.It later transpired that the accountant -- whose identity has not been disclosed - had stolen the
identity of one of his clients for committing the GST fraud for monetary gains, the statement said.Confronted with material evidence, the
accountant confessed to the offence of issuing more than Rs 1,000 crore of bogus bills and availment of fake ITC of Rs 181 crore, after
which he was placed under arrest on Tuesday.A local court remanded the arrested accused to judicial custody for 14 days.The statement said
the accused is suspected to be a part of a bigger network which lures innocent people to obtain GST registration and then 'steals' this
registration, which is subsequently deployed for generation, availment and passing on of fake ITC.Efforts are underway to identify the
kingpin of the racket and other beneficiaries of this network, the statement said.The arrest follows a spate of similar actions by the GST
authorities in the megapolis.The statement said the Palghar CGST Commissionerate alone has detected tax evasion of Rs 460 crore, recovered
Rs 12 crore and arrested two so far.