LUDHIANA: In another bogus billing network which has rocked the state department after implementation of GST, 70 companies of Ludhiana and nearby areas have been served demand notice by the department for their alleged involvement in this nexus. The have been accused of claiming credit or an input tax credit to the tunes of Rs 6.82 crore fraudulently.
Kingpin of this nexus is said to be a Gill Road resident who runs a business of trading raw material used for making steel and allied products. As of now state taxation department has not initiated the process of FIR against any of the companies as it is giving chance to all the accused to come forward and surrender the GST credit claimed by them fraudulently.
Giving more information, deputy excise and taxation commissioner (DETC), Ludhiana, Pawan Garg, said, “This case has been reported by range-1 of our department and since the matter is still being probed, we cannot divulge the name of the companies and the owners. We have already served notices to the main company and 69 others that took fake purchase bills from this firm. Right now we are not contemplating registering any FIR in this case as we want to wait till our investigation concludes.”
Meanwhile, speaking to TOI on condition of anonymity, an official of range-1 of the state taxation department who is probing this matter, said, “The main accused used to issue fake sale bills to other accused by charging certain commission from them, who in turn used to claim GST credit from the department by showing these bogus purchases as genuine ones. As of now the matter is still being investigated and so far some of the accused who were sent notices have admitted their involvement and even deposited back the GST credit claimed by them.” taxation firms GST
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