Borivali businessman Ravi Ashok Parikh has been arrested by the Central GST Investigation Wing under the Palghar Commissionerate for allegedly evading GST payments worth Rs 5.5 crore and fraudulently claiming input tax credits amounting to Rs 2.7 crore.
Parikh was accused of selling goods without invoices and using invoices from cancelled taxpayers and other suppliers to illegally claim tax credits. The fraud was uncovered after a thorough investigation, during which officials found that Parikh had been using these fraudulent methods to evade taxes.
He was produced before the court and has been remanded in judicial custody until April 3. Officials said Parikh’s actions were part of a larger effort to bypass the legitimate GST system, and further investigation into his operations is underway.
This arrest highlights ongoing efforts to tackle GST evasion and fraudulent activities within the taxation system.
