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CGST Delhi South Commissionerate busts a racket that fraudulently availed Input Tax Credit (ITC) worth ₹47.12 crore in iron steel sector; one arrested The Anti-Evasion Branch of CGST Delhi South Commissionerate has unearthed a large-scale fraudulently availed Input Tax Credit (ITC) racket involving a Naraina-based taxpayer engaged in trading of iron and steel items. The case involves fraudulent availment and passing on of ITC totaling ₹47.12 crore, based on bogus invoices against a taxable v
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FAQ :
The total value of the fraudulently availed and passed on Input Tax Credit (ITC) was ₹47.12 crore.
The racket was primarily involved in the iron and steel trade.
The taxable value of the transactions was approximately ₹261 crore.
The firm fraudulently availed and passed on ITC based on bogus invoices without actual supply of goods, and used cancelled or suspended GSTINs.
The proprietor of the firm was arrested on 01.08.2025 under the provisions of the CGST Act 2017.
The department is using data analytics and supply chain mapping tools to proactively identify and disrupt fake ITC networks.
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