Quick Summary
In pursuance of ongoing investigation of fraudulent passing of Input Tax Credit (ITC) wherein one person namely Sh. Satender Kumar Singla of Hisar was arrested on 12.11.2020, the Directorate General of GST Intelligence (DGGI), Regional Unit, Rohtak falling under Gurugram Zonal Unit has arrested one more person namely, Sh. Vikas Jain, of Jind on 23.11.2020. Sh. Vikas Jain was the proprietor of one of the firms and as a proprietor of a firm was found involved in issuing fake invoices having taxabl
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FAQ :
Vikas Jain of Jind was arrested by the DGGI Rohtak on 23.11.2020.
Vikas Jain was involved in issuing fake invoices for taxable value of Rs 27.99 Crore and handling cash for firms that fraudulently passed Input Tax Credit (ITC).
Vikas Jain was involved in fraudulently passing ITC of over Rs 13 Crore.
Yes, Vikas Jain admitted his involvement in issuing invoices without actual movement of goods for commission and admitted that cash entries in the records were of such commission.
Vikas Jain has committed offences under Section 132(1)(b) & (c) of the CGST Act, 2017, which are cognizable and non-bailable.
Vikas Jain was arrested on 23.11.2020 and remanded to 14 days of judicial custody by the JMIC, Rohtak.
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