Summary:
He had floated M/s Capital Impex, M/s Krishna Steel and M/s Millennium Steel in Vadodara. Vadodara: A businessman arrested in a GST fraud case was denied bail by a sessions court here on Tuesday.The accused businessman Tausif Sheikh had claimed that he had no role in the said crime and his statement made before the police is not permissible. He had generated fake invoices of Rs 107 crore and claimed an input tax credit of Rs 19 crore. There are documents like fake rent agreements in his name which makes him an accused in the case,” said district government pleader Anil Desai.The Goods and Service Tax, Vadodara-I had arrested Sheikh in January for the fraud. However, the court of additional sessions judge turned down Sheikh’s plea by taking into consideration the affidavit submitted by the investigating officer and the details of the case that were presented.“The accused had formed three bogus companies and got it registered..