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Two Accused Arrested Remanded to 14 Days Judicial Custody The officers of Anti Evasion wing of Central Tax, Delhi West Commissionerate have busted a major racket of fake invoicing of Rs.7896 crore involving fraudulent Input Tax Credit (ITC) of Rs.1709 crore, using a network of 23 shell companies, which procured and generated invoices without actual supply of goods and availed as well as passed on ITC. Two persons have been arrested on 29.02.2020, in this matter. The accused persons were e
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FAQ :
The total value of the fake invoicing racket was Rs 7896 crore.
The fraudulent Input Tax Credit (ITC) claimed amounted to Rs 1709 crore.
A network of 23 shell companies was involved in the racket.
The shell companies procured and generated invoices without the actual supply of goods, and then availed and passed on Input Tax Credit.
Two people have been arrested in connection with the racket.
The accused have committed offences under Section 132(1)(b) and Section 132(1)(c) of the CGST Act, 2017, which are cognizable and non-bailable.
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