Oppo Mobiles India’s finance manager held for ITC fraud of Rs 19 crore

Thane: The Central Goods and Services Tax (CGST) Commissionerate of Mumbai Zone on Wednesday arrested a senior official of a Chinese smartphone maker in Maharashtra’s Thane district for allegedly fraudulently availing input tax credit (ITC) worth Rs 19 crore through fake invoices.

Manager of Finance and Accounts division of Oppo Mobiles India Private Limited, Mahendra Kumar Rawat, was arrested in Bhiwandi town and later produced in a local court, which remanded him in judicial custody till April 3, the CGST Bhiwandi Commissionerate said in statement. Based on material evidence gathered during the investigation, he was arrested under section 69 of the CGST Act, 2017 for contravention of section 132 of the same Act.