Surat: With the help of Surat GST department, officials of GST department of Indore city of Madhya Pradesh have arrested two traders for scrap trade in wool area of Surat in a Rs 200 crore bogus input tax credit scam. Traders were arrested and taken to Indore.
- Halani and Merchant traders of Surat wool issued the bill
- Major action in investigation of Rs 200 crore bogus ITC scam
Sources of Surat GST department said that the traders named Halani and Merchant were arrested by the Indore GST department for trading scrap in wool with the help of Surat GST department. The government treasury was damaged due to bogus billing. Both were detained by the Indore GST department on suspicion that bogus bills were issued by wool traders on commission.
Another 5 crore cash was recovered in the income tax raid in a tile manufacturing company
Gandhinagar: An unaccounted cash of Rs 5 crore has been found during the Income Tax Raid proceedings against a well-known tiles manufacturer group in Ahmedabad and Morbi. Which has been seized by a team of income tax officials. The bank lockers of the administrators have also been sealed. The raid continued for the second day in a row.
The Income-tax department has launched a raid against the Asian Granito Tiles Group. Raids have been carried out at 40 places across the state, including Ahmedabad, Surat and Morbi. The group’s administrators have raided the administrators’ offices and their residences. A well-known Ahmedabad-based power broker woman who financed the group, who has links with a veteran leader of the ruling BJP, and three other financiers are also being raided.
The group had received Rs 10 crore in cash during the raid against three financiers. In which a stock broker from Surat also got cash of Rs 4 crore from there (VIP Road). 15 crore cash has been recovered so far. An investigation is also underway against a woman power broker from Ahmedabad. The digital evidence collected by income tax officials is being investigated.