Quick Summary
The CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd., Faridabad on charges of illegally availing and passing on input tax credit (ITC)by issuance of invoices without supply of goods. On the basis of the investigation conducted till date, the said
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FAQ :
Shri Paras Arora and Shri Devpal Soni, both directors of M/s. F2C Wellness Pvt. Ltd., Faridabad, have been arrested.
They are accused of illegally availing and passing on Input Tax Credit (ITC) worth more than Rs 10 crore by issuing invoices without the actual supply of goods.
The firm allegedly showed purchases of cement from a non-existent company using fraudulent invoices and fake transport records, without any real supply of goods.
The total fraudulent ITC passed or availed by the firm amounts to Rs 10.33 crore.
The investigation spanned multiple locations in the Delhi NCR area.
They have been produced before the Chief Judicial Magistrate, Faridabad, and sent to judicial custody for 14 days.
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