The GST and Central Excise departments have arrested two foreign nationals on charges of GST evasion. The two individuals, the managing director and the general manager of a Sriperumbudur-based automotive parts manufacturing company, were arrested after a detailed investigation.
Authorities did not reveal the names of the company and the arrested persons. They were arrested on Monday and have been remanded to judicial custody till July 2, 2019.
The company is accused of not depositing GST with authorities despite collecting it from customers. The tax liability comes to about Rs 40 crore. The company has also not filed statutory returns