Court Denies Bail to GST Fraud Accused
Date: December 25, 2024 | By: Admin
Categories: GST Recent News | Reading Time: 4 Minutes
In a significant development, the Additional Chief Judicial Magistrate in Kanpur Nagar extended the judicial custody of three individuals—Sanjeev Kumar Dixit, Rohit Mishra, and Vipendra Kumar Upadhyaya. The custody remand will now last until January 4, 2025. Authorities apprehended them for their alleged involvement in a GST fraud case.
Key Details of the Case
Bail Application
On Monday, the accused sought bail. However, the CGST department requested more time to file objections, which the court approved. The link court handled the matter in the absence of the regular court.
Fraudulent GST Invoices
The accused allegedly issued fake GST invoices for iron scrap. Three Kanpur-based firms reportedly used these invoices:
- M/s Bharat Traders
- M/s Shri Amarnath Enterprises
- M/s Gopal Enterprises
Two firms in Punjab—M/s Lal Rolling Mills and M/s Jayesh Steel Traders—utilized these invoices to source scrap from unregistered suppliers. The fraudulent bills totaled ₹150 crore, enabling claims of ₹27 crore in input tax credit.
Investigation Details
Sanjeev Kumar of Kanpur is suspected of orchestrating the operations. Investigators believe Vikas managed GST return submissions for some firms involved.
Authorities continue their efforts to combat fraudulent GST invoicing. These measures aim to prevent financial losses and ensure tax compliance. For now, the accused remain in judicial custody as the investigation unfolds.
Why It Matters
This case underscores the government’s resolve to crack down on tax fraud. It also highlights the importance of stricter monitoring and compliance to protect the integrity of India’s taxation system.
