Man held for generating fake bills of Rs 2,215 crore through several bogus firms

He is remanded in judicial custody for 14 days

Maharashtra's Goods and Services Tax (GST) department has arrested a 42-year-old man in connection with alleged bogus bills of Rs 2,215 crore, an official said on Tuesday.

A release from the department said Nandkishor Sharma was arrested on Monday as part of a probe into nine companies over bogus bills.

"It was found during the investigation that Sharma was running 26 bogus firms, including the nine under probe. These firms had generated fake bills totalling Rs 2,215 crore till now. The department has succeeded in exposing tax evasion of Rs 126 crore in this case," the official said.

He is remanded in judicial custody for 14 days.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!