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The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters who were availing and utilizing fake Input Tax Credit (ITC) of Rs 134 crore under the Goods and Services Tax (GST) with an intent to claim IGST refund fraudulently. On the basis of Risk Analysis, a risky exporter M/s Vibe Tradex was identified for scrutiny. M/s Vibe Tradex is engaged in export of Pan Masala, chewing tobacco, FMCG
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FAQ :
Chirag Goel was arrested by the officers of the Central Goods and Services Tax (CGST) Commissionerate, Delhi East.
The fraudulent claim of Input Tax Credit (ITC) amounted to Rs 134 crore.
The intention was to fraudulently claim IGST refund by availing and utilising fake Input Tax Credit (ITC).
The network was identified through risk analysis, which flagged a risky exporter named M/s Vibe Tradex for scrutiny. Further analysis of e-Way Bills generated by associated firms revealed discrepancies.
Chirag Goel holds an MBA from the University of Sunderland, UK.
He has been accused of committing offences under Section 132(1)(c) of the CGST Act, 2017, which are cognizable and non-bailable. He has been remanded to judicial custody for 14 days.
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