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2 held by Faridabad CGST Commissionerate for issuing fake invoices of over Rs 200 crore and availing involving fraudulent ITC of Rs 31.85 crore Central Goods and Services Tax (CGST) Commissionerate, Faridabad, of Panchkula CGST Zone, on 23.02.2022 arrested two persons for running a fake billing r
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FAQ :
The fraudulent Input Tax Credit (ITC) involved amounted to Rs 31.85 crore.
Fake invoices totalling over Rs 200 crore were issued.
Five dummy firms were used in the fake billing racket.
Issuing invoices without supply and wrongful availment of ITC is a cognizable and non-bailable offence under Section 132 of the CGST Act 2017 if the amount exceeds Rs 5 crore.
Two individuals have been arrested under Section 69 of the CGST Act, 2017, and remanded to 14 days judicial custody.
No, further investigation into the case is currently underway.
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