Thane businessman sent to 14-day judicial custody for issuing fake bills

Mumbai, March 5 (IANS) The Central Goods and Services Tax (CGST) department has arrested a Thane-based footwear businessman for issuing fake invoices to the tune of Rs 85 crore to evade tax. After being produced in court, the accused was sent to 14-day judicial custody.On the basis of an input, the CGST department initiated an inquiry against Corvette Tradelink Pvt Ltd, a Mumbai-based firm.In the preliminary inquiry, the CGST officials found that the firm was allegedly involved in tax evasion by issuing fake bills.A source said the firm issued bills in the name of a fake Delhi-based firm."We arrested the director of the firm on Thursday who was produced before a concerned court, which remanded him to 14-day judicial custody," said a GST official.
--IANS atk/khz/arm

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