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CGST Delhi South Commissionerate busts a case of fraudulently availing of Input Tax Credit (ITC) of around Rs. 31.95 crore by a firm; one arrested The Anti-Evasion Branch of CGST Delhi South Commissionerate has unearthed a large-scale case of fraudulently availing Input Tax Credit (ITC). Director
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The fake ITC racket busted involves approximately Rs 31.95 crore.
The CGST Delhi South Commissionerate, specifically its Anti-Evasion Branch, busted the racket.
The director of the company involved in the fraudulent ITC claims has been arrested.
The company fraudulently availed ITC solely on the basis of invoices, without any actual supply of goods or services, and from fictitious firms.
The arrested director has been produced before the judicial authority and remanded to 14 days of judicial custody.
The CGST department is using data analytics and supply chain mapping tools to proactively identify and disrupt fraudulent activities.
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