Manpasand Beverages’ managing director, Abhishek Singh, his brother Harshvardhan Singh and chief financial officer Paresh Thakkar were arrested by the Central Goods and Services Tax (CGST) Commissionerate Vadodara-II sleuths for an alleged GST fraud.
The authority had carried out raids on several premises of Manpasand Beverages on May 23. The searches resulted into an unveiling of a huge racket of creating fake units for availing fraudulent credit and committing tax evasion of Rs 40 crore and involving turnover of approximately Rs 300 crore.
Manpasand Beverages is India’s only pure play beverage company with a flagship brand, ‘Mango Sip’.
