Fake invoice racket busted; two arrested


Team Udayavani, Jun 10, 2019, 7:48 AM IST

Mangaluru: A fake invoices fraud worth Rs 83 crore has been busted by the officials of the Anti-Evasion Wing at Mangalore Central GST Commissionerate. Two persons were also arrested in connection to this on Sunday June 9th.

The arrested are identified as P K Abdul Raheem, owner of Thouheed Scrap Dealer and Abdul Khadar Kuloor Chayebba, owner of M K Traders. The accused have been booked for creating fake invoices and evadng GST under Sec 132 of the CGST Act and arrested under Sec 69 of the Act.

Both the firms had taken fraudulent input tax credit based on fake invoices received from different firms and entities without actual receipt of goods. Thus they evaded from the GST that they were supposed to pay for the supplies of metal scrap, procured from local unregistered dealers without payment to the manufacturers of aluminium/MS/Copper-rods/ingots, etc. They also raised fake invoices to transfer fake input tax credit further in the fake invoice chain.

The total amount of fraudulent input tax credit taken and utilized based on the fake invoices by Thouheed Scrap dealer and M K Traders is approximately Rs 15 crore and the total value of the goods involved in the case is approximately Rs 83 crore, state the press release from the department.

Investigation is being carried to trace and identify any other firms associated with the fake invoice racket.

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