Rs14 cr bogus billing scam exposed, 1 held - Mandi Gobindgarh News

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Wednesday, June 12, 2019

Rs14 cr bogus billing scam exposed, 1 held


Rs14 cr bogus billing scam exposed, 1 held

Fatehgarh Sahib, June 11

The district excise and taxation officials have unearthed a tax evasion scam worth Rs14.26 crore with the arrest of Mitha Ram of Munderian village, near Amloh.

Pawan Garg, Deputy Excise and Taxation Commissioner, Ludhiana division, and Magnish Sethi, Assistant Excise & Taxation Commissioner, Fatehgarh Sahib, said they had been getting information about bogus billing business in Mandi Gobindgarh. On inspecting Parvati Steel Rolling Mills and raiding the house of its partner Mitha Ram, they exposed the scam.

Garg said they impounded Mitha Ram’a laptop and detected accounts of five firms, which he had been operating only on paper. He said the sale of Rs 80 crore through bogus billing involving tax evasion of Rs 14.26 crore was detected. He said Mitha Ram admitted to have fake bills. He said he was arrested. — OC

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