In a shocking incident, a former employee of a Noida-based private company has been arrested for claiming fake input tax credit of Rs 1.8 crore. Abhinav Tyagi, a resident of Greater Noida’s Bisrakh area and a native of Moradabad, is accused of preparing fake invoices worth about Rs 10 crore to defraud the Goods and Services Tax (GST) system and obtain fake credit.
Tyagi, who was working in the company’s accounts department, took advantage of his job to manipulate the filings on the GST and tax return portals. Police believe he carried out the fraud along with an accomplice.
“On Saturday, cyber police, Noida, arrested Abhinav Tyagi. He had created fake invoices worth about Rs 10 crore to claim GST of Rs 1.8 crore,” Shavya Goyal, additional deputy commissioner of police (central Noida), told PTI.
The police recovered four mobile phones, eight SIM cards, a laptop, a car, GST related documents and a rent agreement from the accused. An FIR has been registered against the accused under sections of the Indian Penal Code and the Information Technology Act.
Tyagi was produced in court, where he was sent to jail. Meanwhile, the police team is now searching for his accomplice, who is still absconding.
