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GST officials bust racket for availing Rs 50 cr illegal input tax credit; 1 arrested

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4 years ago

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GST officials bust racket for availing Rs 50 cr illegal input tax credit; 1 arrested

Busting an unlawful enter tax credit (ITC) racket, GST officers have arrested a wannabe chartered accountant for alleged involvement in passing on ITC of approximately Rs 50 crore via an internet of a hundred and fifteen faux companies, a supply stated on Friday.
Prince Manish Kumar Khatri, a third-yr scholar and a associate of a CA company in Ahmedabad, allegedly registered faux companies that had been used to keep away from paying Goods and Services Tax (GST) via way of means of displaying payments generated via way of means of them as ITC.
In all, ITC of Rs 50.24 crore changed into wrongfully exceeded on, the supply stated.
The supply stated Khatri is allegedly the important thing individual worried in registration of a hundred and fifteen non-existent companies and submitting of GST returns of such faux companies, hence passing on ineligible ITC for incorrect availment and usage for GST payment.
These faux companies are unfold over nine GST Commissionerates and the Directorate General of GST Intelligence (DGGI) has detected the fraud with the assist of statistics analytics.
Out of those a hundred and fifteen faux devices, forty nine fall beneathneath Ahmedabad North Commissionerate; 27 beneathneath Vadodara-II Commissionerate; 15 beneathneath Bhiwandi Commissionerate; 12 beneathneath Gandhinagar Commissionerate.
Besides, five devices fall beneathneath Ahmedabad South Commissionerate; three beneathneath Jodhpur Commissionerate; 2 beneathneath Vadodara-I Commissionerate; 1 beneathneath Thane Rural Commissionerate and 1 unit beneathneath Bhavnagar Commissionerate.
“Now using Aadhaar in GST registration will carry higher manipulate over such unscrupulous specialists who attempt to create bogus/faux companies for GST evasion via way of means of fraudulent availment and passing on of ITC,” the supply stated.
The supply similarly stated regulation is being similarly tightened to have higher manipulate on such malpractices.
Moreover, the authorities is thinking about setting such doubtful companies beneathneath chance class like in case of export companies, and might block their refunds, except taking different suitable criminal actions, if discovered worried in deceitful practices.

Tap To Explore More : Economic Times

Also Read : INDIA SHOULD BE BIGGER THAN CHINA IN POWER AND SCOPE: MOHAN BHAGWAT

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Tollywood

Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

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6 days ago

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January 16, 2025

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Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

Game Changer box office collection day 6: Ram Charan and Kiara Advani-starrer released in theatres on January 10.
Game Changer box office collection: Ram Charan, Kiara Advani-Game Changer is one the first big releases of this year, and came with huge audience expectations. However the film opened to mixed reviews and has performed decently at the box office. As per the latest version of Sacnilk.com, Game Changer has minted ₹6.11 crore in its sixth day of release. Game Changer is directed by Shankar.

Game Changer box office collection

The report states that Game Changer has now crossed the ₹110 crore mark at the box office. It minted ₹5.55 crore on its first Wednesday, which is the lowest for the film so far. The film had seen a slight growth on its fifth day of release, with ₹10 crore net. The overall collections now stand at ₹112.26 crore.

Game Changer minted ₹51 crore on its opening day, and saw a dip in collections on its second day with ₹21.6 crore. Day three collections were at ₹15.9 crore whereas day four net was ₹7.65 crore. The film saw a sharp decline in its weekdays and is yet to recover. Game Changer is facing stiff competition from a number of releases, which includes Nandamuri Balakrisha’s Daaku Maharaj, Unni Mukundan’s Marco and Allu Arjun’s Pushpa 2: The Rule.

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Amid box office concerns for the film, a pirated version of Game Changer was allegedly aired on a local TV channel and shown in buses. Screenshots of the same surfaced on X, which caught the attention of producer Sreenivas Kumar. He took to his X account to demand strict action on it.

A few days ago, the makers of the film had filed a complaint against individuals for allegedly leaking a pirated version of the film online. The complaint also states that before the film’s release, the producers and a few team members were threatened through social media and messaging platforms like WhatsApp, wherein the same alleged pirates demanded money from producers and threatened to leak the pirated version if their demands were not fulfilled.

Game Changer is directed by Shankar and stars Ram Charan, Kiara Advani, and SJ Suryah. The film has also been released in Tamil, Kannada, and Malayalam.

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