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VAT officer

The State Goods andTax (SGST) officials on Sunday arrested two persons in connection with statewide raids that were earlier conducted at 228 places.Ritesh Shah (30), son of a retiredSurendra Shah, and his accountant Parin Shah (30) were held for floating fake companies and generating bogus bills.A GST official said, "Ritesh Shah, a resident of BG Tower near Delhi Darwaja, used to offer financial help to those in need. He gathered their Aadhaar card details, other important documents and floated 18 bogus companies using them. He generated bogus bills in name of these companies and claimed Input Tax Credit (ITC). Nine of these companies are run in the name of Ritesh's accountant Parin."The official said Ritesh created fake bills and invoices worth Rs 558 crore and claimed ITC of Rs 82.81 crore. Investigation is on and more details are likely to emerge. Both the accused have been sent to the judicial custody.