GST officials bust network of 23 firms fraudulently claiming Rs 91 cr ITC
GST officials have busted a network of 23 entities involved in generating fake invoices worth Rs 551 crore and passing on unacceptable input tax credit of Rs 91 crore.
Based on specific intelligence inputs, the officials of the Anti-Theft Branch of the Central Goods and Services Tax (CGST) Commissionerate, Delhi (West) have come up with cases of benefit/utilization and passing of Input Tax Credit (ITC) inadmissible through short goods. is detected. Invoices worth around Rs 91 crore, the Finance Ministry said in a statement.
The firms included in this network are M/s Girdhar Enterprises, M/s Arun Sales, M/s Akshay Traders, M/s Shree Padmavati Enterprises and 19 others. These 23 firms were called upon to generate non-consignment invoices with the intention of passing fraudulent ITC without paying actual GST to the government.
These entities are dealing in various commodities and are involved in making non-consignment challans worth Rs 551 crore and passing inadmissible ITC of around Rs 91 crore.
The modus operandi involved the floating of several firms with the intention of availing / utilizing the unacceptable credit and passing the same.
“The late Dinesh Gupta, Shubham Gupta, Vinod Jain and Yogesh Goyal were involved in the said business of making/selling fake challans. The three accused voluntarily confessed to their crime,” the ministry said.
The trio were arrested on July 10 under section 132 of the CGST Act and remanded to judicial custody. Further investigation is on, the ministry said.
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