Quick Summary
CGST Delhi South officials arrest one company director in fraudulent availing ITC of Rs 6.53 crore As part of its ongoing enforcement drive against fraudulent ITC claims, the Anti-Evasion Branch of the Central Goods Services Tax (CGST), Delhi South Commissionerate, has unearthed another significant case of tax evasion and has arrested a Director of a private limited company engaged in trading of electronic goods for fraudulent availment of Input Tax Credit (ITC) amounting to Rs 6.53 crore thro
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
A director of a private limited company engaged in trading electronic goods was arrested.
The fraudulent ITC amounts to Rs 6.53 crore.
The company availed inadmissible ITC on the basis of invoices issued by multiple firms, some of which were found to be non-existent, non-functional, or had suspended/cancelled GST registrations.
No, the investigation established that the ITC was availed without the actual receipt of goods.
The director was arrested under Section 69 of the CGST Act, 2017 and has been remanded to judicial custody for 14 days.
No, further investigation is ongoing to trace the flow of funds and identify any additional beneficiaries.
CAclubindia
