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GST intelligence uncovers Rs 43 crore ITC fraud in Gurugram, one arrested DGGI nabbed the accused on March 9 and produced him before the Metropolitan Magistrate, New Delhi, who ordered 14 days judicial days custody BusinessToday.In | March 11, 2021 | Updated 16:41 IST These shell companies generated sham invoices without supplying goods or services worth Rs 237.98 crore and passed on fake ITC worth more than Rs 43 crore Gurugram Zonal Unit (GZU) of the Directorate General of GST Intelligence (DGGI) has arrested one Ravinder Kumar alias Ravinder Garg in connection with input tax credit fraud worth Rs 43 crore. The DGGI officials conducted raids across multiple locations in Delhi and Haryana. According to officials, the accused kept changing his location frequently and was caught after a long period of monitoring and active surveillance. ....
India Business News: The government has detected GST fraud of Rs 20,124 crore between November 9, 2020, and January 31, 2021, finance minister Nirmala Sitharaman said on T ....
URL copied Delhi lawyer arrested for committing input tax credit fraud of Rs 50 crore GST officers have arrested a person for creating fictitious firms and committing input tax credit fraud of Rs 50.03 crore, the finance ministry said on Sunday. The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East have unearthed a network of fictitious firms which was being operated by one Vishal, who is an advocate by profession and was practising law in Karkardooma Court, Delhi , the ministry said in a statement. Vishal started this GST fraud by creating a fictitious firm in his own name, which he got registered at his residence. Subsequently, he arranged various KYCs of different persons to create multiple fictitious firms having no business activity and created for the passing on fake Input Tax Credit. ....
GST invoice fraud: 12 individuals, including CA, arrested for ITC scam The arrested chartered accountant is Abhishek Singhal, who ran fake firms to issue fraudulent invoices; he is the tenth chartered accountant arrested so far over GST invoice fraud charges Dipak Mondal | February 24, 2021 | Updated 00:05 IST In the ongoing nationwide drive against frauds involving fake GST invoices, the Directorate General of GST Intelligence (DGGI) and CGST Commissionerates have arrested 12 persons in a single day, including a chartered accountant. The arrested chartered accountant (CA) is Abhishek Singhal, who ran fake firms to issue fraudulent invoices, informed Revenue Department sources. He is the tenth chartered accountant arrested so far over charges of running bogus firms and/or issuance of fake invoices to fraudulently avail and pass on input tax credit (ITC) without actual supplies of goods or services. ....
4 people arrested in 3 different cases of ITC fraud of RS 178 crore GST officers arrest 4 persons in 3 fake cases of input tax credit of Rs 178 crore PTI | February 15, 2021 | Updated 22:02 IST Representational Image GST officers have arrested four persons in three different fake invoicing cases involving total input tax credit (ITC) fraud of Rs 178 crore, the Finance Ministry said on Monday. The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi North, have unearthed a network of fictitious firms to generate goods-less invoices and pass on fake ITC to multiple beneficiaries. In all, four individuals were arrested in three different cases. The total ITC involved in the three cases is Rs 178 crore, the Ministry said in a statement. ....