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Delhi South CGST unearths fake invoicing racket of Rs 611 crore involving tax evasion of 38.5 crore A specific intelligence was developed by the officers of Delhi South CGST Commissionerate concerning certain bogus firms that were created solely for the purpose of generating fake invoices and pas
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FAQ :
They have uncovered a fake invoicing racket involving 54 bogus firms that were used to generate fake invoices and pass ineligible input tax credit.
The preliminary enquiry has revealed fake invoicing of around Rs 611 crore.
The tax evasion involved in this racket is estimated to be over Rs 38.5 crore.
Yes, three key individuals involved in managing these bogus firms have been arrested.
The offences committed are specified under section 132(1)(b) and 132(1)(c) of the CGST Act 2017, which are cognizable and non-bailable.
The arrested individuals have been remanded to judicial custody for 14 days, and further investigation is ongoing.
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