The Vadodara Central Goods and Sales Tax -II (CGST-II) arrested a final year student of Chartered Accountancy for allegedly floating over 115 fake firms to avail Input Tax Credit of Rs 50.24 crore. A release from the CGST-II said the accused, Prince Manish Kumar Khatri, a resident of Ahmedabad, used fake identity cards of villagers from tribal district of Dahod to float his fake companies.

As per a report in The Indian Express, the officers of CGST, Vadodara-lI Commissionerate of Vadodara Zone, after the intensive data mining and data analysis of the suspicious taxpayers, particularly relating to the e-way bill data, GSTR-3B data and GSTR-1 data, detected Khatri, who had floated more than 115 fake firms by using the IDs of villagers of Dahod and other areas located in Ahmedabad.