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

Mar 24, 2023 | News | 0 comments

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.

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