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

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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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HT Rewind 2024: Teja Sajja says HanuMan kicking off the year in style is the moment he’d been ‘waiting for’ | Exclusive

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HT Rewind 2024: Teja Sajja says HanuMan kicking off the year in style is the moment he’d been ‘waiting for’ | Exclusive

In conversation with Hindustan Times, Teja Sajja decodes the success of HanuMan and other Telugu films, talks about his upcoming projects, and more.
When Prasanth Varma’s superhero film HanuMan, starring Teja Sajja, was announced to be released alongside big films like Mahesh Babu’s Guntur Kaaram, Venkatesh’s Saindhav and Nagarjuna’s Naa Saami Ranga in January this year, no one expected the underdog to emerge on top. And yet, the film, made on a budget of under ₹50 crore, managed to collect over ₹300 crore at the box office worldwide in 25 days, becoming one of the highest-grossing Indian films for the year. (Also Read: Ranveer Singh met HanuMan actor Teja Sajja, complimented him even after his Prasanth Varma film Rakshas got shelved)

Ask Teja about the moment he realised his film had not just fought against the tide but also risen to the top; he tells Hindustan Times in an exclusive conversation, “Since I returned to acting (as a lead actor after being a child artiste since 1998), this is the moment I’ve been waiting for. When everything from the HanuMan teaser to the songs was grabbing attention, we knew we had hit a gold mine. But I don’t think we imagined it would cross the ₹300 crore threshold. We were so satisfied with the opening numbers; everything else was a bonus.”

‘Success has given me fear of disappointing people’

Teja acted in Zombie Reddy, Ishq and Adbhutham before HanuMan, but they are what you would call ‘critical successes’, adding to his repertoire as an actor who can perform. But things have changed for him now, says Teja, who is being picky about the roles he says yes to. “Success either makes you overconfident or gives you the fear of disappointing people; I have the latter,” he explains.

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Teja admits he wants to chart out his career in Hrithik Roshan’s footsteps, but not in the way you think. “I have such a fondness for Hrithik due to Koi Mil Gaya and Krrish. No matter how well he performed after that, these left a lasting impression on me; I’m sure 90s kids will agree,” he says, adding, “Similarly, I’ve realised that I have an audience in children now. I want to be conscious of that when I pick roles. I want to make films families can enjoy together.”

But despite people in places like Mumbai or Delhi recognising him, Teja says he’s clear that he wants to cater to the Telugu audience first. “I am conscious that I am making films for my playground – the Telugu states. This is the sensibility I have grown up with, and I don’t know if I can cater to everyone else. Will I promote my films in other languages? Sure. But I also can’t be part of films that aren’t authentic to what I know or understand,” he explains.

‘Rootedness has put us on the world map’

And authenticity seems to be the need of the hour. Be it Baahubali and RRR or the recently released Pushpa 2: The Rule, Kalki 2898 AD and Devara: Part 1, certain kind of stories seem to be finding success. “Rootedness and going local is proving to be such a boon for us, be it in Devara or Pushpa or HanuMan. Kalki 2898 AD was our version of a Hollywood film (the sci-fi concept) with actors from across languages in predominant roles; it put us on the world map,” reflects Teja.

However, the actor admits Tollywood went through a phase of Bollywood-inspired rom-coms and family dramas that worked in their favour for a while. “That wasn’t easy to replicate either, but it’s just that these local stories are what the audience seems most interested in now. It can’t just be chalked up to religion, too. It’s about the morals these films are hinged on, the fighting for righteousness, and how an underdog can find their strength. Introducing Mahabharata or Ramayana to a new audience in a cool way is just a perk,” he says.

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And it’s this rootedness that Teja says his next films, Mirai and Jai Hanuman (the sequel to HanuMan), will also have ample of. “Mirai is also a superhero film that caters to kids, but it’s not an origin story like HanuMan. It has a pan-Asian and Buddhist touch because the story is based on King Ashoka’s ideologies. I hope that I will get to deliver something new to the audience again. I will only feel like I’ve arrived if Mirai is equally, if not more, successful,” says Teja.

Rishab Shetty will headline Jai Hanuman, but Teja also looks forward to shooting that. “I can’t wait to be on that set; it’ll be exciting. Now that we know India is ready to watch our films, I want to step it up. I want to shift gears and shoot for at least two films in 2025,” he says. As for what he will do next, Teja says he wants to up the ante. “When I got a SIIMA award for Zombie Reddy as a debutant, I remember telling Prasanth this would be the last award I get. But now that I won a Radio City Cine Award for Best Actor, I hope more awards will follow,” he signs off cheekily.

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