Quick Summary
The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East have unearthed a network of fictitious firms used by their operator to generate and pass on fake Input Tax Credit (ITC) of Goods and Services Tax (GST). The network of fake firms was being operated by one Vishal, who is an advocate by profession and was practicing law in Karkardooma Court, Delhi. Shri Vishal started this GST fraud by creation of a fictitious firm in his own name which he got registered at his re
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FAQ :
An advocate named Vishal, who practiced law at Karkardooma Court, Delhi, was arrested.
Vishal operated a network of fictitious firms to generate and pass on fake Input Tax Credit (ITC) of GST, defrauding the government exchequer.
The total fake Input Tax Credit passed on has been quantified at Rs 50.03 crore so far.
He created fictitious firms using his own name and then arranged various KYCs of different persons to create multiple firms solely for passing on fake ITC in exchange for a commission.
Vishal has been arrested under Section 69(1) of the CGST Act, 2017 and remanded to 14 days of judicial custody.
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