Quick Summary
CGST Delhi detects Input Tax Credit fraud worth more than Rs 12 crore from 30 fake firms, one arrested The CGST Delhi North Commissionerate arrested one person who received fake/goods-less invoices valued at Rs 71,22,95,370/- involving fraudulent Input Tax Credit of Rs 12,82,05,579/- from 30 bogus/fake firms. The modus operandi was to create various fake firms in the name of employees of the operator of fake firms and other persons. Fake e-way bills were generated for several vehicle numbe
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FAQ :
The Input Tax Credit fraud detected is worth more than Rs 12 crore.
Thirty fake or bogus firms were involved in the fraud.
Yes, one person has been arrested by the CGST Delhi North Commissionerate.
The accused created fake firms, received fake invoices for goods-less transactions, generated fake e-way bills, and passed on fraudulent ITC to buyers of non-GST paid goods.
This offence is punishable under section 132(1)(c) of the CGST Act, 2017, which is cognizable and non-bailable.
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