A leading exporter based in Mumbai was arrested and remanded to custody for
claiming fake input tax credit and drawbacks from central GST authorities.
Nine companies using
fake invoices claimed input tax and drawbacks together to the tune of about
The exporter Santosh Kumar Singh who is said to have created 44 bogus
companies for issuance of fake invoices
and passing on input tax credit to nine export companies which were involved in
fradulent exports without supply of goods. The nine companies on the strength
of fake invoices claimed input tax credit to the tune of Rs 12.08 crores and
drawbacks to the tune of Rs 4.22 crors
Santosh Kumar Singh
was arrested and remanded to judicial custody till Jan 25
Santosh Kumar Singh was arrested on Monday (January 11, 2021) and produced
before the Magistrates Court on January 12 th wherein he was remanded to
judicial custody till January 25th. Further investigation is in progress.
On the basis of inputs received from Maharasthra Police intelligence,
further developed by the officers of CGST Mumbai West Anti Evasion team, a case
was booked on nine (9) companies run by a 40 year old exporter Shri Santosh
He has been operating nine export companies and 44 fake ITC issuing
companies with the objective of claiming fraudulent refund of ITC and Drawback.
All the companies were created in the name of office boys/ peons who were not
even aware of the activities of the companies of which they were made