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In a major crackdown on GST fraud, the Central GST Delhi South Commissionerate has arrested a South Delhi-based Chartered Accountant for orchestrating a massive Rs 7.85 crore Input Tax Credit (ITC) scam involving circular trading and fake firms. The CA has been remanded to judicial custody until May 21, 2025, following an order by the Duty Magistrate, the Ministry of Finance said in a statement. The investigation revealed that over 80 GSTINs (Goods and Services Tax Identification Numbers)-prima
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FAQ :
A Chartered Accountant based in South Delhi was arrested by the Central GST Delhi South Commissionerate.
The Input Tax Credit (ITC) scam involved a total of Rs 7.85 crore.
Over 80 GSTINs were linked to the arrested Chartered Accountant, with a core network of 31 used for circular trading.
The fraud involved circular trading, the use of fake firms, impersonation, and misuse of credentials. Some taxpayers outsourced their entire GST compliance to the accused CA.
Authorities arrested the CA, conducted search operations at 12 locations, seized electronic devices, recorded statements, and are continuing investigations.
The Chartered Accountant has been remanded to judicial custody until May 21, 2025.
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