Chartered Accountant Arrested for Issuing Fake Bills of Rs 79.5 Crore: Delhi CGST Officials
FOLLOW US ON:
The officers of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have detected a case of issue of fake bills of Rs 79.5 crore to wrongfully avail Input Tax Credit (ITC) and arrested a Chartered Accountant (CA), according to an official statement issued on Friday.
The syndicate was being operated by Nitin Jain, a CA who floated three firms M/s Anshika Metals, M/s N J Trading Co and M/s A J Enterprises using the identity of his family members, with the intent of passing of inadmissible ITC, it said. Jain through these firms has passed on fake ITC to the tune of Rs 14.30 crore, said the statement issued by the Commissionerate. All the e-way bills generated to transport the goods were also found fictitious, it said.
Delhi CA held by CGST officials for passing on fake ITCs
By IANS |
Published on
Fri, Jan 15 2021 20:42 IST |
0 Views
Temp GST compensation retention isn t diversion of cess: Fin Min sources. Image Source: IANS News
New Delhi, Jan 15 : In the ongoing campaign against fake and bogus invoices and the resultant availment of inadmissible ITC, officers of the Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have detected a case of issue of fake bills of about Rs 79.5 crore.
The syndicate was being operated by Nitin Jain, a CA, by floating three firms i.e M/s Anshika Metals, M/s N.J Trading Co. and M/s A.J Enterprises using the identity of his family members, with the intent of passing of inadmissible ITC, a finance ministry release on the issue said.