Mahesh Keshwani Arrested for Fraudulent Input Tax Credit in Nagpur
The investigation branch of the Maharashtra State GST Department in Nagpur made a significant arrest recently, apprehending Mahesh Keshwani, proprietor of M/s K&K Brothers. Keshwani is accused of fraudulently availing and passing Input Tax Credit (ITC) amounting to Rs33.93 crore.
The firm, which operates under the MGST Act 2017, was found to be claiming ITC without any actual procurement or movement of goods. Investigators discovered that they were sourcing credits from suppliers whose registrations had been canceled.
A recent probe conducted at the firm’s office located in Jaripatka revealed incriminating evidence, including system reports that suggest K&K Brothers is embroiled in a more extensive network involved in issuing fake invoices for the purpose of tax evasion.
Following his arrest, Keshwani was placed in judicial custody until August 14 by the magistrate. This operation forms part of a dedicated drive aimed at combating fake invoicing, led by assistant commissioner Ramesh Dalvi with the oversight of senior officials, including additional commissioner Tejrao Pacharne.
Radhika Goyal is Author of Taxconcept Gurugram head office, for deeply reported tax, gst and income tax articles on issues that matter. He splits her time between New Delhi and Bengaluru, and has worked as a reporter, a podcaster and an editor for publications across India.