Arrest of Gurugram-based CAs in tax fraud case triggers protests
GURUGRAM: The arrest of two Gurugram-based CAs for an alleged Rs 15 crore-fraud has triggered a series of protests led by the Institution of Chartered Accountants of India (ICAI) against officials of the CGST office in the city. ICAI members, who protested at the CGST office in Sector 32, have alleged that the two CAs were being made scapegoats in the case. They also demanded a CBI inquiry against the tax officials allegedly connected to the fraud. The case is related to claims of input credit tax (ICT), allegedly made by fake companies. ICT is the tax that has already been paid at the time that the good or service was purchased. The amount is deducted from total payable tax and refunded. The two chartered accountants — Sunil Mahalawat and Gaurav Dhir — have been accused of issuing audited account statements of fake companies through which ICT was claimed. These statements, or certificates, are necessary to claim input credit tax. The two CAs were called in for questioning by the ...