GST: The GST officials also raided the business premises and houses of the accused in Delhi and Himachal Pradesh. He said that the premises of some suppliers were also raided.
Goods and Services Tax
Officials of the Intelligence Division of the Goods and Services Tax (GST) have arrested a Delhi-based businessman for allegedly fraudulently transferring input tax credit (ITC) worth Rs 128 crore. A senior official gave this information. During investigation, officials of the Chandigarh Zone Unit of Directorate General of GST Intelligence (DGGI) found that the accused was allegedly issuing bills without any purchase and sale of goods and thus illegally sent various units to various places including Delhi and Chandigarh. Was helping in claiming ITC.
Under ITC, units get the benefit of adjustment/refund of tax already paid on materials or resources in the series of business or production. The Chandigarh zonal unit official of DGGI said that the accused had set up six companies to transfer fake ITC to several beneficiaries.
128 crore lime
He said that the accused transferred ITC worth Rs 128 crores fraudulently. The GST officials also raided the business premises and houses of the accused in Delhi and Himachal Pradesh, the official said. He said that the premises of some suppliers were also raided.
The investigation also revealed that the items which were shown as sale on his behalf were never purchased and similarly some things which were shown as purchase were never sold by the selling companies. Was.
Also the vehicles which were shown as means of transport of goods were plying in other parts of the country. The accused does business of readymade clothes, chemicals, cigarettes and other things.
Earlier, last month, GST officials had detected tax evasion of Rs 91.256 crore in Delhi and 3 people were also arrested in these cases. In fact, on the basis of a specific intelligence, the officials of the Anti-Theft Branch of the Central Goods and Services Tax Commissioner’s Office, West Delhi, through goodsless challans of about Rs. Fraudulent case of profit/use and passing is detected. In this case several firms were involved in the work of availing and passing on the unacceptable credits.
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