Senior Official of Chinese Smartphone Maker Arrested in Thane for ITC Fraud of Rs. 19 Crore

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The Central Items and Providers Tax (CGST) Commissionerate of Mumbai Zone on Wednesday arrested a senior official of a Chinese language smartphone maker in Maharashtra’s Thane district for allegedly fraudulently availing enter tax credit score (ITC) price Rs 19 crore by pretend invoices. Supervisor of Finance and Accounts division of Oppo Mobiles India, Mahendra Kumar Rawat, was arrested in Bhiwandi city and later produced in an area court docket, which remanded him in judicial custody until April 3, the CGST Bhiwandi Commissionerate mentioned in assertion.

Primarily based on materials proof gathered through the investigation, he was arrested below part 69 of the CGST Act, 2017 for contravention of part 132 of the identical Act.

The investigation carried out by the anti-evasion wing of the CGST Bhiwandi Commissionerate revealed that Oppo Maharashtra was concerned in availment of pretend ITC with out receipt of any items, the assertion mentioned.

“The provider of Oppo Mobiles India Pvt ltd, M/S Achieve Hero India Personal Restricted, was discovered to be non-existent at its principal place of work. On this connection, 16 e-way payments for the mentioned transaction had been verified and located to be pretend. Additional, statements of the transporters and automobile proprietor had been recorded, whereby it was revealed that there was no provide of products to Oppo Maharashtra,” it mentioned.

Rawat, approved signatory and Supervisor Finance and Accounts of Oppo Mobiles India, is the primary one that has performed a key position in availing of the mentioned fraudulent ITC amounting to Rs 19,27,54,093 in opposition to the invoices amounting to Rs 107,08,56,072 issued by Achieve Hero India, with out receipt of the products, it added.

The accused has admitted in his assertion that the e-way payments generated are pretend, the CGST Commissionerate mentioned.

This case is a part of the particular drive launched by the CGST Mumbai Zone in opposition to tax fraudsters and tax evaders. CGST Bhiwandi Commissionerate has arrested 24 individuals within the final 18 months itself, mentioned Sumit Kumar, Commissioner, Central GST Bhiwandi.

The newly launched Oppo Discover N2 Flip is the primary foldable from the corporate to debut in India. However does it have what it takes to compete with the Samsung Galaxy Z Flip 4? We talk about this on Orbital, the Devices 360 podcast. Orbital is out there on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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