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Rs 23 crore GST fraud unearthed, two company officials arrested

6/01/2020 at 4:20 PM

Bhubaneswar: A fraud in the Goods and Services Tax (GST) was unearthed by the Directorate General of GST Intelligence (DGGI), Bhubaneswar. Two top officials of Maithan Ispat Ltd were arrested in connection with Rs 23 GST fraud.

As per reports, while general manager (Finance) Manas Ranjan Pahi was arrested in Bhubaneswar and assistant general manager (Taxation) Surendra Kumar Patra was nabbed from Kolkata on January 2. They were remanded to judicial custody for 14 days.

As per reports, Jajpur Kalinganagar-based Maithan Ispat Ltd, Kalinganagar in Jajpur, a manufacturing unit of article and steel was found to b e involved in availing fictitious input tax credit (ITC) during April to November 2018 without die support of relevant documents like invoices.

During investigation, it was detected that they have taken ineligible ITC of Rs 23 crore in their GSTR-3B returns from April to November 2018 and have utilised the same for payment of their GST liability, thereby causing a loss of Rs 23 crore to the Government exchequer. Pahi and Patra were actively involved in the manipulation. 

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