Gurgaon: The Excise duty And Taxation The department has registered a case against three fake companies to claim illegally input tax credit (ITC). companies reportedly released fake receipts and bills of inter-state purchases for claiming ITC of several crores.
The department has already filed police complaints against four other fake companies on similar charges earlier this week. During a random check in 2018, the department had found several discrepancies in the ITC claimed by these fake companies. A preliminary inquiry was conducted and the owners of the company wrongly claimed credit.
An inquiry committee was constituted in April 2018 and submitted its report in February the following year, which pointed out that the companies had used fake receipts and returns for the 2015-16 financial year. The address and contact details mentioned in the registration form were also fake. Hence, none of these companies could be traced.
Officials said the three fake firms were Swastik Enterprises, owned by Pradeep Sharma and had a registered address of Hayatpur More. The other company was Star Impex, which was registered under Mukesh Kumar Sharma and had its office in Gadoli. Om International, owned by an Omprakash, was ranked third in the list. It gave its address as Satyam Plaza.
Swastik claimed ITC of Rs 46 crore on the basis of fake bills for trading in plastic, scrap and hardware pipes, while Star Impex submitted forged papers on auto parts, dry fruits, bakery items and cosmetics and collected Rs 79.7 crore applied for ITC.
Similarly, Om International submitted inflated bills on auto spare parts, electronic goods, lubricants and batteries to claim ITC of Rs. 25.3 crore for the financial year 2015-16.
The department has already filed police complaints against four other fake companies on similar charges earlier this week. During a random check in 2018, the department had found several discrepancies in the ITC claimed by these fake companies. A preliminary inquiry was conducted and the owners of the company wrongly claimed credit.
An inquiry committee was constituted in April 2018 and submitted its report in February the following year, which pointed out that the companies had used fake receipts and returns for the 2015-16 financial year. The address and contact details mentioned in the registration form were also fake. Hence, none of these companies could be traced.
Officials said the three fake firms were Swastik Enterprises, owned by Pradeep Sharma and had a registered address of Hayatpur More. The other company was Star Impex, which was registered under Mukesh Kumar Sharma and had its office in Gadoli. Om International, owned by an Omprakash, was ranked third in the list. It gave its address as Satyam Plaza.
Swastik claimed ITC of Rs 46 crore on the basis of fake bills for trading in plastic, scrap and hardware pipes, while Star Impex submitted forged papers on auto parts, dry fruits, bakery items and cosmetics and collected Rs 79.7 crore applied for ITC.
Similarly, Om International submitted inflated bills on auto spare parts, electronic goods, lubricants and batteries to claim ITC of Rs. 25.3 crore for the financial year 2015-16.
,