City bizman held for Rs 6.34 crore GST fraud

The man was identified as K Imran Khan from Chennai. A press release from the office of Commissioner of CGST and Central Excise, Chennai, said that the arrest of Imran Khan was authorised by GST & Central Excise Commissioner, Chennai South, KM Ravichandran, and added that Khan was involved in issuing fake invoices amounting to Rs 35.17 crore and passing on fraudulent input credit of Rs 6.34 crore.

The accused was arrested by a team led by Assistant Commissioner Ram Kumar Gopal. The press release added that Imran Khan, the authorised person of Askar Enterprises and eight other proprietorship concerns, was produced before the judicial Magistrate Court, economic offences- II, Egmore, and remanded in judicial custody till December 12.

The GST investigators across the country have been busting rackets involved in issuing fake invoices without actual supply of goods to the tune of thousands of crores of rupees, resulting in fraudulent Input Tax Credit utilisation.