The Accidental Prime Minister director Vijay Ratnakar Gutte held for GST fraud of almost Rs 34 crore
Director of The Accidental Prime Minister has been sent to Arthur Road jail where he will be in judicial custody till 14 August as ordered by a Mumbai court
Director of The Accidental Prime Minister, Vijay Ratnakar Gutte, has been arrested by the Directorate General of Goods and Services Tax Intelligence (DGGSTI) in Mumbai for an alleged Goods and Services Tax (GST) fraud of almost Rs 34 crore, reports The Indian Express.
Gutte's firm, VRG Digital Corp, has been indicted for taking 'fake invoices' under GST amounting to at least Rs 34 crore for animation and manpower services from Horizon Outsource Solutions Pvt Ltd. The latter is also under government vigilance after committing a GST fraud of more than Rs 170 crore.
The Indian Express notes that court documents claim VRG Digital Corp had also asked for a cash refund of Rs 28 crore from the government agency against CENVAT (Central Value Added Tax) credit which was received for the fake invoices since July 2017.
Vijay Gutte has been booked under Section 132 (1)(c) of the CGST Act, which involves "wrongful availment" of input tax credit using bills and invoices that have been issued without any supply of goods or services.
Vijay's father, Ratnakar Gutte, had contested the 2014 assembly polls from Gangakhed in Parbhani district as a candidate of the BJP-led alliance but faced defeat.
In cases where the amount of tax evaded or the amount of input tax credit wrongly availed or utilised, or the amount of refund wrongly taken exceeds Rs 5 crore, the guilty is liable to a fine and a jail term of up to five years.
As per the same reports, the remand application filed in court said, "The accused (Gutte) had not only availed of non-existent input tax credit (ITC) but further went ahead and fraudulently claimed refund of such ITC from the GST department on the strength of such fake/ bogus invoices to defraud state exchequer," said the remand application filed in the court. The agency also said that Vijay Gutte was not cooperating with the investigation.
Vijay has been sent to Arthur Road jail where he will be in judicial custody till 14 August as ordered by a Mumbai court. Gutte's arrest comes at a time when his father's is also facing charges of a Rs 5,500 crore bank fraud.
The Accidental Prime Minister, based on Sanjaya Baru's book of the same name, has Anupam Kher as Prime Minister Manmohan Singh and Akshaye Khanna as Singh's media advisor, Baru. It is scheduled to release in December.
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