Quick Summary
In a major crackdown on fraudulent Input Tax Credit (ITC) claims, the Central Goods and Services Tax (CGST) Palghar Commissionerate has uncovered a fake ITC racket amounting to Rs. 59.11 crore. The operation led to the arrest of three individuals involved in orchestrating the scheme, including Chirag Ashok Raval, Swaraj Prafullchandra Dave, and Parth Jitender Raval. The trio allegedly registered eight non-genuine firms, including the key entity, M/s HD Company, based in Palghar, Maharashtra, usi
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FAQ :
The fake Input Tax Credit (ITC) claims amounted to £59.11 crore.
Three Mumbai businessmen were arrested in connection with the fraud.
They allegedly issued fake invoices without supplying any goods or services through eight non-genuine firms.
A total of eight shell companies were used, with one key entity being M/s H&D Company based in Palghar.
They are charged under Section 69 of the CGST Act, 2017, for offences detailed in Section 132(1)(b) and (c).
They are currently in judicial custody until September 25, 2024.
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