Gujarat: Interstate racket of fake ITC worth Rs 154 crore busted
A press release issued by CGST Surat stated: “The CGST officials worked on 40 fake units in Surat and arrested one person, identified as Karan Dodiya, on Wednesday. Updated: December 10, 2020 5:50:54 am
Over the last five months, the CCB had been rounding up peddlers as part of a crackdown on the flourishing drug trade in the city. (Representational)
The Central Intelligence Unit of GST Vadodara has busted a racket of 206 “fake entities” spread in 10 states across the country which had illegally passed on fake input tax credit (ITC) worth Rs 154 crore by issuing fake invoices to the tune of Rs 1,101 crore.
Picture used for representational purpose only
SURAT: The officers of central intelligence unit (CIU) of Vadodara zone have busted an all-India racket comprising 206 fake entities across more than 10 states and 23 commissionerates in India that passed on fake input tax credit of about Rs154 crores through fake invoices worth Rs1,101 crore.
Acting on intelligence, intensive data mining and detailed investigations of series of taxpayers, GST and Central Excise sleuths proceeded against 40 fake units in Surat commissionerate and arrested one person identified as Karan Dodiya.
“Our investigations revealed that 206 fake registrations contained bank account number operated by Dodiya, and in Surat CGST commissionerate, 11 firms have taken ineligible fake credit to the tune of Rs 7.17 crores and passed on illegal fake credit to the tune of Rs 4.91 crores,” said a statement issued by the commissioner, CGST and Central excise commissionerate, Surat.