The Directorate General of Goods and Services Tax Intelligence (DGGSTI), an intelligence department under the Central Board of Indirect Taxes and Customs (CBITC), on Saturday arrested two businessmen for allegedly availing illegitimate tax credits of Rs 1.28 billion, under the Goods and Services Tax (GST) provisions.
According to sources, the intelligence team at Mumbai has arrested two people — Amit Upadhyay, director at Horizon Outsource Solutions, (a business process outsourcing company), and Asad Anwar Sayed, director of Best Computer Solutions, for availing ineligible credit of Rs 480 million and Rs 800 million, respectively. “Both (companies) were exchanging invoices for
According to sources, the intelligence team at Mumbai has arrested two people — Amit Upadhyay, director at Horizon Outsource Solutions, (a business process outsourcing company), and Asad Anwar Sayed, director of Best Computer Solutions, for availing ineligible credit of Rs 480 million and Rs 800 million, respectively. “Both (companies) were exchanging invoices for