- Oppo India’s finance manager accused of fraud of Rs 19 crore.
- Mahendra Kumra Rawat arrested from Bhiwandi city of Maharashtra.
- The court sent him to judicial custody till April 3.
The Central Goods and Services Tax (CGST) Commissionerate has arrested Mahendra Kumar Rawat, Finance and Accounts Manager, Oppo Mobiles India Private Limited. Mahendra has been arrested for alleged fraud of Rs 19 crore of Input Tax Credit (ITC). Following his arrest, Rawat was later produced before a local court in Bhiwandi town which sent him to judicial custody till April 3. At present, no statement has been revealed from Oppo on this whole matter.
According to media reports, on the basis of evidence found during the investigation, he has been arrested under section 69 of the CGST Act. CGST Bhiwandi Commissionerate stated that Oppo’s office in Maharashtra was taking bogus ITC without receipt of any goods. It was told that the company’s supplier M/s Gain Hero was not present at its business address. Not only this, 16 e-way bills have been found to be forged in the investigation. At the same time, it has been revealed from the statements of the transporters and the vehicle owner that no goods were supplied to the company.
The CGST statement states that Rawat, Finance & Accounts Manager and authorized to sign on behalf of Oppo’s unit in India, issued invoices amounting to Rs 107,08,56,072 on behalf of Gain Hero without receipt of goods. Has played the main role in taking fake ITC of Rs. 19,27,54,093 instead.
Explain that this case is a part of the special drive launched by CGST Mumbai Zone against tax fraudsters and tax evaders. Central GST Bhiwandi Commissioner Sumit Kumar said that so far 24 people have been arrested by the CGST Bhiwandi Commissionerate in the last 18 months.
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