Quick Summary
A 19-year-old youth whose name is Sanket Mittal was involved in fraudulently availing Input Tax Credit under the Goods and Services Tax (GST) regime by misusing B2C credit from online mobile sales (like Amazon, Flipkart, Appario). Nature of the Fraud The case was - this 19 year old boy claimed Input Tax Credit using fake B2C (Business-to-Consumer) invoices, particularly from mobile phone sales on online platforms. He allegedly obtained IMEI numbers of iPhones sold to individual consumers fr
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FAQ :
Sanket Mittal is accused of fraudulently availing Input Tax Credit under the GST regime by misusing B2C credit from online mobile sales, particularly using fake invoices and IMEI numbers of consumer-purchased iPhones.
The estimated fraud amount is £64.25 crore.
Naveen Tayal has also been arrested and is involved with Sanket Mittal in the fraud.
Sanket Mittal and Naveen Tayal were arrested by the CGST Faridabad Commissionerate and sent to 14-day judicial custody by the Faridabad District Court.
The fraud involved claiming Input Tax Credit using fake B2C invoices, particularly from mobile phone sales on online platforms, by misrepresenting consumer purchases as business-to-business transactions.
The case highlights the misuse of e-commerce data and B2C credit chains for tax evasion, indicating increased scrutiny by GST authorities on online sellers.
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