GST & Excise dept arrest a person for ₹35 crore evasion

The GST and Central Excise Department, Chennai Outer, has arrested a person for GST evasion of about ₹35 crore. The individual, along with accomplices, had floated 36 shell companies and taken GST registration misusing KYC documents of others individuals allegedly for the purpose of receiving and issuing tax invoices worth ₹250 crore without actual receipt or supply of goods. This was done for the…