Quick Summary
DGGI Gurugram arrests one person for fraudulently availing ITC of more than 160 crore through a network of 10 fake firms The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has detected a case wherein total ITC of more than Rs 160 crore has been utilized and passed on by network of nonexistent fake firms in tandem with various existing entities / merchants / wholesalers. Based on intelligence which was analyzed acted upon by the Gurugram Zonal Unit, it e
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Shri Pawan Kumar Sharma was arrested by the DGGI Gurugram Zonal Unit.
The total ITC fraudulently availed and passed on is in excess of £160 crore.
Ten fake firms have been identified and busted so far in the investigation.
A network of fake firms was used to fraudulently avail and pass on ITC. Invoices were issued without the supply of actual goods, and goods were sold directly to retailers.
Shri Pawan Kumar Sharma was arrested on 13.05.2022 under the CGST Act, 2017, and was ordered into judicial custody for 14 days.
The arrested merchant has deposited £5 crore to date, with additional recovery expected.
CAclubindia
