Central GST team raids firm

A team of the preventive wing of Central GST raided a company, Vasu Multi Metal, here for alleged bogus billing in claiming the Goods and Service Tax (GST) on Wednesday.

The owner was also reportedly arrested by the team, whose medical examination was conducted at the Civil Hospital after the arrest.

According to highly-placed sources in the department, about two dozen sleuths from Central GST raided the firm and took possession of the records from the firm. The raid was conducted following information about bogus billing and false claim of taxes. The raid created panic among industrialists in the city, especially those dealing in furnaces etc.

Furnace industry traders plan to hold a massive protest march on September 19 and 20 against the huge difference in tax of 18 and 5 per cent levied by the GST Department.