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CGST West Delhi officials arrest man for ITC fraud of around Rs 9 crore

Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through goods less invoices of Rs 9 crore (approx). The operation involved floating of multiple firms with the intent to avail/utilize & passing on of inadmissible credit. The primary beneficiary firms in this network are M/s Ishita Ispat and M/s H..

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CGST Delhi officials arrest man for ITC fraud of around Rs 94 crore

The officers of CGST Delhi North Commissionerate upon data analysis and gathering of intelligence zeroed in on Shri Krishan Kumar who was involved in creating and operating fake firms using identification documents of his friends/employees. As per investigation conducted so far, a total of 5 fake firms namely M/s Shradha Traders, M/s Anshara Impex, M/s Vijeta Enterprises, M/s SM Agencies and M/s Deepasha Sales were created by him for the issuance of goods-less invoices for items like butter/g..

Posted in news |   2 comments |   993 Views


CGST Commissionerate, Ghaziabad arrests two persons in case of issuance of fake invoices

CGST COMMISSIONERATE, GHAZIABAD ARRESTS TWO PERSONS IN CASE OF ISSUANCE OF FAKE INVIOCES OF RS. 93 CRORES(APPROX.) BY CREATING 25 FAKE FIRMS AND PASSING OF INADMISSIBLE INPUT TAX CREDIT OF RS. 16 CR.(APPROX.) 1 On the basis of information shared by the Chief Commissioner's Office, CGST & Custom, Meerut Zone, Meerut, officers of CGST Commissionerate Ghaziabad, conducted a saris of search. on 10.03.2021 at 18 places located at Ghaziabad, Noida, Meerut, Sambhal and Delhi.  2. Thi..

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CGST East Delhi Commissionerate arrests two for defrauding Govt. Exchequer of more than Rs 392 crore

In their continuous endeavour to uproot fake billing operations, officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi (East) achieved yet another success when investigations led to unearthing of a massive network of fictitious firms to generate and avail fake Input Tax Credit (ITC) of Goods and Services Tax (GST). The network of fictitious companies was being operated by one Shri Naresh Dhoundiyal in connivance with one Shri Devender Kumar Goyal, who is a Charted Accountant b..

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Delhi East CGST Officials arrest man for ITC fraud of Rs 38.91 crore

In the ongoing drive to counter the menace of fake billing operators, information from analytics tool NETRA (Network Exploration Tool for Revenue Augmentation), was developed by the officers of Central Goods and Service Tax (CGST) Commissionerate, Delhi East to unearth a network of fictitious firms used to generate and pass on fake Input Tax Credit (ITC) of Goods and Service Tax (GST). Investigation revealed that the multilayered network was being operated by one Shri Nihaluddin who has ..

Posted in news |   1179 Views


CGST Commissionerate Delhi officials arrest man for ITC fraud of Rs 50.03 crore

The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East have unearthed a network of fictitious firms used by their operator to generate and pass on fake Input Tax Credit (ITC) of Goods and Services Tax (GST). The network of fake firms was being operated by one Vishal, who is an advocate by profession and was practicing law in Karkardooma Court, Delhi. Shri Vishal started this GST fraud by creation of a fictitious firm in his own name which he got registered at his re..

Posted in news |   1242 Views


CGST Delhi officials arrest 4 in 3 different cases of ITC fraud of Rs 178 crore

In the ensuing initiative to counter the menace of fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi North, on the basis of intelligence developed through extensive data analytics, have unearthed a network of fictitious firms to generate goods-less invoices and pass-on fake Input Tax Credit to multiple beneficiaries. In all, four individuals were arrested in three different cases in terms of Section 69(1) of the CGST Act, 2017 for commission of..

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CGST Officials arrest one involved in fake ITC of Rs. 82.23 crore

In the ongoing drive against fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, have unearthed a multi-layered network of fictitious firms being used by their operators to generate and pass on fake ITC. Through the use of extensive data analytics, officers of Delhi East GST were able to identify and unravel a network of 46 fake firms which were operating since 2017 and had passed on fake ITC to multiple of beneficiaries. The investigati..

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127 Associations to Protest on 29th January 2021 outside CGST Offices

  127 Organisations across Country have joined #ProtestsForTaxReforms call 1st Time in history, Chamber of Commerce, Industrial Associations, Trade Associations, Service Sector, Professional Bodies coming together to demand #GiveUsEaseofDoingBusiness #GiveUsGoodGovernance Original source: Click Here ..

Posted in news |   1 comments |   5517 Views


One held by CGST Delhi officials for fraudulently passing on fake ITC of Rs 14.30 crore

In the ongoing campaign against fake/bogus invoices and resultant availment of inadmissible ITC, officers of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have detected a case of issue of fake bills of Rs. 79.5 crore (approx). The syndicate was being operated by Sh. Nitin Jain, C.A by floating three firms i.e M/s Anshika Metals, M/s N.J Trading Co. and M/s A.J Enterprises using the identity of his family members, with the intent of passing of inadmissible ITC. Sh. Nitin Jain..

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How to Calculate 5% Provisional ITC in FORM GSTR-3B as per the CGST Rule 36(4)?

Introduction Initially registered persons could claim Input Tax Credit on a self-declaration basis in Table 4(a) of GSTR-3B. The ITC that could be claimed on self-declaration basis included a summary figure of IGST, CGST and SGST. There was no requirement for reconciliation with GSTR-2A until clause 4 was added to the rule 36 of CGST rules through notification no. 49/2019 dated 9th October,2019. What is Rule 36(4) of CGST Rules? As per Rule 36(4), Input tax credit to be availed by a reg..

Posted in articles |   2 comments |   14409 Views


Rule 86B of CGST Rules and its Impact

The Central Government introduced the 14th amendment rules vide notification no 94/2020 dated 22.12.2020. This notification resulted in various changes in CGST Rules, 2017 which have a severe impact on various sectors. One of them is the introduction of Rule 86B which came into effect on 01.01.2020. This rule restricts the utilization of available ITC in the electronic credit ledger of the registered person. It allows the registered person to avail ITC to pay only 99% of the tax liability. T..

Posted in articles |   3 comments |   11043 Views






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