OPPO Finance Manager Arrested By Bhiwandi Commissionerate On 19 Crore GST ITC Fraud

On March 22, 2023, Mr. Mahendra Kumar Rawat, the Authorized Signatory and Manager-Finance & Accounts of M/s. Oppo Mobiles India Private Limited was arrested by the Anti-evasion wing of CGST Bhiwandi Commissionerate for fraudulently availing Input Tax Credit (ITC) worth Rs. 19 crores.

The officers of CGST Bhiwandi Commissionerate in Mumbai Zone took Mr. Rawat into custody, and he will continue to be in judicial custody till April 3, 2023. Mr. Rawat was once arrested below area sixty-nine of the CGST Act, 2017 for contravention of part 132 of the equal act.

According to the investigation carried out through CGST Bhiwandi Commissionerate, M/s. Oppo Mobiles India Private Limited used to be worried in fraudulent availment of ITC barring receipt of any goods. The investigation printed that sixteen E- way payments for the stated transaction have been tested and determined to be fake. Further, statements of the transporters and car proprietors have been recorded whereby it was once published that there was once no furnish of items to OPPO Maharashtra.

Furthermore, statements of the transporters and automobile proprietors published that there was once no provide of items to M/s. Oppo Mobiles India Private Limited. The investigation similarly published that the provider of M/s. Oppo Mobiles India Pvt ltd, M/S Gain Hero India Private Limited, used to be non-existent at its foremost region of business.

Mr. Rawat was once the primary man accountable for availing the fraudulent ITC well worth Rs. 19,27,54,093/- towards the invoices amounting to Rs. 107,08,56,072/- issued by means of Gain Hero India Private Limited, except receipt of the goods. He admitted in his assertion that the e-way payments generated had been fake.

The CGST Mumbai Zone has launched a one of a kind power in opposition to tax fraudsters and tax evaders, and this case is phase of the equal drive. In the closing 18 months, CGST Bhiwandi Commissionerate has arrested 24 men and women for tax-related offenses. Sumit Kumar, Commissioner, Central GST Bhiwandi, furnished this information.

Are you Looking for GST Refund Service? Mygstrefund.com offers GST refunds on business, exports, and many more if your GST application is rejected. Get in touch with us today.

Key Scenarios Where the Automated GST Refund Calculator Simplifies Your Work

The GST regime of India has streamlined the tax processes , but calculating GST refunds continues to be a complex task. Whether you are a tax professional, businessman, or exporter, such refunds can be a challenging and time-consuming affair. Here we come. We have developed India’s first API-based automated GST refund calculator, wherein one can calculate their refund just within 2 minutes.

Export Development and Promotion of Spices

India has a long history of being recognized as the "Land of Spices." However, it boasts of a diversified spice heritage and carries a good market position in the international scene. To sustain and upgrade India's market superiority in international trade in spices, the government undertaken the Export Development and Promotion Scheme. .This article will explore the various aspects of the Export Development and Promotion Scheme, objectives it aims to achieve, and initiatives undertaken for Indian spices across the world.