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Two held for GST fraud in Gurugram

IANS  |  Gurugram 

Two people were arrested by a Special Investigation Team (SIT) for their alleged involvement in the (GST) fraud, police said on Monday.

said those arrested were identified as an from Gurugram Excise and Taxation department, Gaurav Bahal, and a chartered accountant,

Arora was handed over to the investigation agency for three days police remand while Bahal was sent to jail by a local court.

In an FIR filed in February, after dealers fraudulently tried to claim input tax credit, the registered a case against a firm purportedly registered as M/s

Input tax credit is a tax that a business pays on a purchase, which it can use to reduce its tax liability when it makes a sale. In other words, businesses can reduce their tax liability by claiming credit to the extent of paid on purchases.

--IANS

pradeep/qd/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 20:16 IST
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