Quick Summary
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Ritesh Aggarwal, resident of Bahadurgarh, Haryana on charges of passing and availment of fake ITC while operating dummy, fake and non-existent firms and encashing this unduly availed input tax credit (ITC) through IGST refund mode by showing export of cigarettes. It became apparent from the investigation that Shri Ritesh Aggarwal , the proprietor of M/s SR Impex was de-facto controller of
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 - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Shri Ritesh Aggarwal, a resident of Bahadurgarh, Haryana, was arrested by the DGGI Gurugram Zonal Unit.
The alleged fraud involves the availment and passing on of fake ITC amounting to Rs 376 crore.
He is accused of operating seven dummy, fake, and non-existent firms to fraudulently claim ITC and encash it through IGST refunds by showing exports of cigarettes without actual goods.
Yes, he is considered a habitual offender. He was previously issued a Show Cause Notice for a demand of Rs 26.53 crore for a similar modus operandi and is also accused in a case of fraudulent drawback on imported areca nuts.
He was arrested on 09.02.2021 and produced before the Duty MM, Patiala House Court Delhi, who ordered his judicial custody. Further investigations are ongoing.
CAclubindia
