Quick Summary
The CGST Delhi South Commissionerates Anti-Evasion Branch has uncovered a fraudulent Input Tax Credit (ITC) racket involving Rs 60.59 crore claimed through bogus invoices worth Rs 397.23 crore. The investigation revealed that a non-operational entity was used to pass fake ITC without any actual supply of goods or services, operating from a co-working space with no real business activity. Authorities identified a smartphone trading firm as the main beneficiary of the scheme. The son of the compan
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FAQ :
The bogus invoices involved in the scam are valued at Rs 397.23 crore.
Rs 60.59 crore was fraudulently claimed as Input Tax Credit (ITC).
The son of the director of the beneficiary firm, who was actively managing its operations, has been arrested.
A non-operational entity was used to pass fake ITC without any actual supply of goods or services.
The non-operational entity was operating from a co-working space with no evidence of genuine business activity.
The offence violates Section 16 and is punishable under Section 132 of the CGST Act, 2017.
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