Quick Summary
The Directorate General of GST Intelligence (DGGI), Belagavi Zonal Unit, has detected a massive GST evasion of Rs 21.64 crore involving a scrap trading firm operating in Harihar, Davanagere district of Karnataka. According to a statement issued by the DGGI, the firm allegedly issued fake invoices worth Rs 112 crore, resulting in the fraudulent availment and utilisation of ITC of Rs 17.14 crore. During the inspection, Mohammad Saqlain, identified as the person in charge of the firm's operatio
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FAQ :
The total GST evasion uncovered amounts to Rs 21.64 crore.
The Directorate General of GST Intelligence (DGGI), Belagavi Zonal Unit, uncovered the evasion.
The firm allegedly issued fake invoices, claimed Input Tax Credit (ITC) based on fake bills, and short-paid GST under the Reverse Charge Mechanism (RCM). They also procured scrap from unregistered suppliers and used fictitious firms for purchases.
Mohammad Saqlain, identified as the person in charge of the firm's operations, has been arrested.
Mohammad Saqlain was arrested under Section 69 of the CGST Act, 2017, and remanded to 14 days of judicial custody.
No, the DGGI has confirmed that further investigation is in progress to identify other individuals and entities involved in the racket.
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