Quick Summary
Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through bogus GST invoices without actual movement of goods of Rs 34 crore (approx). The 7 firms were created in order to generate bogus GST invoices with an intent to pass on fraudulent ITC without actual movement of goods and without paying actual GS
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
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FAQ :
The total value of the Input Tax Credit fraud is approximately £34 crore.
Seven firms were involved in the fraud.
The firms generated bogus GST invoices without any actual movement of goods to pass on inadmissible ITC.
Sh. Rishabh Jain is identified as the mastermind behind the creation of bogus firms and the generation/selling of fake GST invoices.
Sh. Rishabh Jain has been arrested under Section 132 of the CGST Act and remanded to judicial custody.
Further investigations are currently in progress.
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