Odisha businessman arrested for Rs 12.84 crore-GST evasion
Cuttack: A Titlagarh-based trader has been arrested for evading Rs 12.84 crore Goods and Services Tax (GST). Senior GST officials in Cuttack informed that the accused trader Tirthankar Patel, owner of Sai International Mines and Minerals, has been arrested following a detailed probe.
As per reports, Patel had shown purchases worth nearly Rs 84 crore without any physical purchase of stock. Subsequently, he had also availed Rs 12.84 crore input tax credit.
The trader had sold Rs 84 crore stock that was never purchased to two Punjab-based traders, informed Manoranjan Acharya, additional commissioner, State GST (Enforcement).
Acharya further informed that several such cases of GST evasion in different parts of Odisha have come to the notice of the department and such cases are being investigated.