Multiple bogus companies created by father son duo in Delhi and Rajasthan, bogus billing anticipated to be greater than 200 Crores
CHANDIGARH: Officers of the investigation wing of Punjab State GST right now arrested Balwinder Singh (Alias Babu Ram) S/o Paras Ram resident of Mandi Gobindgarh, district Fatehgarh Sahib for creating and working bogus companies throughout varied states together with Punjab, Delhi and Rajasthan and availing & passing on fraudulent ITC to the tune of Rs 8.95 Crore to varied companies with out due cost of tax to the Government.
Disclosing this right here right now official spokesperson of the Punjab Government stated that an authorization for arrest of Balwinder Singh s/o Paras Ram and his son Prince Dhiman had been issued by Commissioner State Tax beneath part 69 of the GST act for violation of part 132 (1) (a), (b) & (c).
The spokesperson additional stated that search and seizure operations had been carried out at a number of areas by the groups of the division together with residence of the accused with a purpose to collect proof for establishing the modus operandi that concerned creating companies in states outdoors Punjab dealing in iron scrap and completed items and thereafter passing the identical to different companies created in personal title or names of different individuals & relations earlier than passing the identical to varied beneficiaries within the State of Punjab.
He stated that the division had acquired alerted concerning the accused after a agency (Suvidha Enterprises) operated by the accused was cancelled suo-moto final yr by the jurisdictional officer for being non-existent at place of enterprise. Detailed investigation thereafter led to 4 extra companies created by the accused with one every in Delhi and Rajasthan which had carried out a complete bogus billing of greater than 125 Crore and duped the Government exchequer of due tax of Rs 15 Crore (approx.). It is pertinent to say right here {that a} automobile carrying Iron scrap was additionally intercepted by the enforcement officers of the State GST and the investigation in respect of the identical has given important clues to a second community of about 30 companies being operated by the accused which is being probed. Total bogus billing by the companies operated by the father-son duo is anticipated to be greater than 200 Crore.
The accused was arrested right now for violation of Section 132 of the GST act by a staff led by Assistant Commissioner, MW Patiala and the operation was coordinated by Deputy Commissioner State Tax, Ludhiana. The accused was introduced earlier than the court docket of CJM Fatehgarh Sahib and remanded to judicial custody for 14 days. Action towards varied beneficiaries can be being initiated. Efforts are on to arrest the second accused and additional investigation is in progress.
