UP vendor accused of Rs 366-crore GST fraud: Report
By MYBRANDBOOK
Accusing a street vendor in Uttar Pradesh of collecting Rs 366 crore via tax fraud, GST (Goods and Services Tax) officials raided him earlier this week.
The 40-year old man, who sells clothes in Muzaffarnagar, said he made Rs 500 per day and was stunned by the allegations. He said he had a GST account two years ago, when he ran a tiny scrap shop. Because of losses, he abandoned that work and started selling clothes. But he said he had asked a professional to close that account.
After his home was raided this week, the man flagged the matter to the GST department and submitted the necessary documents to it. After his complaint, a senior official said a thorough investigation was started into the matter.
"Bills worth over Rs 300 crore has (sic) been issued," JS Shukla, the joint commissioner at the west UP GST department's special investigation branch said. "It seems to be a huge racket."
The officials are questioning several firms and persons in connection with the matter.
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