QAhmedabad: Guj Bizman Held for Rs 12 Cr GST Fraud & More

All the big headlines from Gujarat.

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QAhmedabad: Guj Bizman Held for Rs 12 Cr GST Fraud & More

1. Guj Bizman Held for over Rs 12-Cr Gst Fraud

An industrialist from Kapadvanj in Gujarat's Kheda district was arrested for allegedly using fake invoices to avail more than Rs 12 crore input tax credit under GST law, officials said Sunday. The accused Paresh Patel was picked up by Central GST Commissionerate in Vadodara on Friday, and was sent to judicial remand till 3 January by a Kapadvanj court, they said.

Acting upon specific intelligence, the officers of the commissionerate raided various locations simultaneously and found incriminating documents pertaining to fake companies involved in bogus transactions without any actual supply of goods, the commissionerate said in a press statement.

"The (accused) industrialist fraudulently inflated the company's turnover by issuing fake GST invoices to the tune of Rs 75 crore. About Rs 14 crore worth of fake GST credit was passed on by the Kapadvanj-based company to certain Ahmedabad-based firms.”

(Source: PTI)


2. Two More Arrested in Ponzi Scam

The crime branch arrested Laxmichand Rathod and Manoj Rathod for allegedly cheating several people in a ponzi scam started by Ashok Jadeja and Poppat Chhara. Jadeja had started the Vahan Vati Sikotar Mata ponzi scam in 2009 and cheated several people from the Chhara community across the state. He was later released on bail in April 2018.

According to ACP Crime Branch, Bharatsinh Gohil, Jadeja started another Ponzi Scheme named Bule Diamond and promised his investors that he will double their investment in a fortnight; he later cheated them all. Six complaints were filed at Sarkhej Police station and the matter was later transferred to the crime branch.

Four persons including Jadeja have been arrested.

(Source: Times of India)

3. 30-year-old US Church Converted in to Temple

A 30-year-old church in Portsmouth, Virgina has been brought to be converted into a Swaminarayan Hindu Temple. The consecration ceremony of the idol will be held once the church is revamped as a temple.

This is the sixth church in the US and the ninth in the world that has been converted in to a Swaminarayan Temple by the Swaminarayan Gadi Sansthan, based in Maninagar, Ahmedabad. There is an estimated population of 10,000 Gujaratis from North Gujarat, Central Gujarat and Kutch living in Virgina.

The Sanstha has coverted churches in California, Luiseville, Pennsylvania, Los Angeles and Ohio along with two churches in London and Bolton near Manchester along with a 125-year-old property in Toronto Canada.

(Source: Times of India)


4. International Hotel Chains Check in to Ahmedabad for expansion

The hospitality sector in Ahmedabad has got a tremendous shot in the arm thanks to major events such as Vibrant Gujarat along with big-ticket projects such as the Mumbai-Ahmedabad Bullet Train. Leading hotel chains like the Hilton and Marriot together have added 300 rooms in Ahmedabad in 2018 alone.

Apart from this other big players have proposed to build new properties in Ahmedabad and Gandhinagar. Hilton recently unveiled its 173 room full-service hotel in Ahmedabad. The rooms inventory is set to get bigger with ITC Narmada and Leela Palace proposing their properties.

According to industry sources, average occupancy in branded hotels across Ahmedabad remains at 60 percent annually.

(Source: Times of India)

5. Gondal Farmer Wrests Crop Insurance Denied by Bank

The Consumer Dispute Redressal Forum, Rajkot District, has ordered the State Bank of India (SBI) to pay Rs 2.16 lakh with 7 per cent interest to Bharatbhai Basia, a farmer from Mota Davda village near Gondal town. The bank has also been directed to pay Rs 3,000 more to the farmer for his legal expenses.

Basia had obtained agriculture loan of Rs 2.25 Lakh from SBI’s Davda Branch in May 2015. After he faced crop failure in May 2016 he applied for the sum assured which was denied by the SBI. The bank claims that Basia had not filled the online form and therefore premium was not deducted from his account.

However, the court concluded that Basia had done all formalities and the bank had not done its paper work diligently.

(Source: Times of India)

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