Quick Summary
The Anti Evasion wing of CGST Delhi South Commissionerate has detected a case of Input Tax credit fraud through fake invoices issued by bogus firms. Investigations led to discovering the accused had also been generating bogus e-way bills to back the fake invoices. Over 35 entities are involved in the bogus transactions, involving fake invoicing to the tune of Rs. 214.74 crores and tax evasion of Rs. 38.05 crores.
One person has been arrested on 19.02.2020 and remanded to judicial custody of 14 days.
Further investigations in the matter are in progress.
FAQ :
A significant Input Tax Credit (ITC) fraud involving fake invoices and bogus firms has been detected.
The fraud involves fake invoicing to the tune of Rs 214.74 crores and tax evasion of Rs 38.05 crores.
Over 35 entities are involved in the bogus transactions.
The accused used fake invoices issued by bogus firms and also generated bogus e-way bills to back these fake invoices.
Yes, one person was arrested on 19.02.2020 and remanded to 14 days of judicial custody.
No, further investigations in the matter are currently in progress.
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