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CGST Delhi officials bust a syndicate of 7 firms in GST evasion of more than Rs 85 crore Through extensive analysis of E-way bills, CGST Delhi East Commissionerate had busted a syndicate of five firms who were engaged in availing and utilising fake Input Tax Credit (ITC) of Goods and Services Tax (GST). During further investigation it was found that this syndicate was using two more entities namely, M/s Shree Mahaveer International and M/s Gravity Enterprises. A communication was also rece
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FAQ :
The syndicate of seven firms has evaded more than Rs 85 crore in GST.
CGST Delhi East Commissionerate officials busted the syndicate.
They availed and utilised fake Input Tax Credit (ITC) by issuing and receiving bogus invoices without actual supply of goods, and created false movement of export goods.
A total of seven firms were involved in the syndicate.
Shri Rakesh Kumar Jain, proprietor of M/s Shree Mahaveer International and partner in M/s Gravity Enterprises, was arrested.
Shri Rakesh Kumar Jain was arrested on 10th March 2022 for offences under the CGST Act, 2017, and produced before the Metropolitan Magistrate.
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