GST intelligence team arrests son of MLA in ₹520Cr fake invoice scam

The Directorate General of GST Intelligence, Mumbai Zone has arrested Sunil Gutte, Managing Director of Sunil Hi-tech and son of MLA Ratnakar Gutte, along with his business associate Vijendra Ranka for availing input tax credit (ITC) worth ₹520 crore fraudulently. GST intelligence unit is on a concerted pan-India drive to unearth fake invoice scams leading to wrongful and illegal availing and passing on of ineligible input tax credit.

According to the DGGI sources, the accused M/s Sunil Hi-tech Engineers Ltd has been engaged in availing and utilising ITC based on bogus invoices, issued without any supply and receipt of goods and services. An in-depth investigation brought to the fore a fraud to the tune of ₹304 crore from multiple entities. The accused used to make bogus invoices, receipts of goods and services, and passed on fraudulent ITC to the tune of ₹216 crore to multiple agencies. The accused used to artificially inflate the turnover and obtain an enhanced credit limit from the bank. 

Sunil Ratnakar Gutte is the son of a sitting MLA, Ratnakar Gutte and is the Director of M/s Sunil Hi-tech. He is the brother of a movie director, who too was arrested in August 2018, for fraudulent availing of credit and taking IGST refund in a fraudulent manner. In 2017, his father, who owned a sugar mill, was also booked by the Maharashtra Police and the Enforcement Directorate in a case for allegedly availing loans worth ₹328 crore from six banks, using names of 2,298 farmers, some of whom were dead, from some villages in the Parbhani district.

Meanwhile, the Anti-Evasion Team of Mumbai East Commisionerate has visited the premises of M/s Omkar Ventures Pvt. Ltd after receiving a reference from Mumbai West Commissionerate. As the supplier was non-existent, the taxpayer reversed fraudulent ITC of ₹1.44 crore availed by them. They also paid ₹2.77 lakh in cash as interest and ₹21.5 lakh in cash as penalty. Investigation is under process. 

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