Borivli bizman arrested for 8.2cr tax fraud

Mumbai: A Borivali businessman has been arrested by the investigation wing of central GST, Palghar commissionerate, for allegedly evading payment of GST amounting to Rs 5.5 crore by selling goods without invoices and for fraudulently claiming input tax credit of Rs 2.7 crore by using invoices from cancelled taxpayers and other suppliers.
The accused,

Ravi Ashok Parikh

, was produced before a court and remanded in judicial custody till April 3. Officials said Parikh’s fraud was uncovered following an extensive probe. —S Ahmed Ali