GST Evasion of Rs 201 crore : Delhi based businessmen arrested

By | August 2, 2018
(Last Updated On: August 2, 2018)
Ministry of Finance

Central GST Delhi West Commissionerate arrests two Rohini based businessmen today in national capital in a case of fraudulent issuance of Input Tax Credit (ITC) invoices without actual supply of goods involving tax evasion of approximately Rs. 201 crore relating to Plastic Granule Industry

Posted On: 01 AUG 2018 6:58PM by PIB Delhi

Central GST Delhi West Commissionerate arrested two Rohini based businessmen here in Delhi today in a case of fraudulent issuance of Input Tax Credit (ITC) invoices without actual supply of goods involving tax evasion of approximately Rs. 201 crore relating to Plastic Granule Industry.

Searches were conducted at several places during which various incriminating documents and evidences were found. During investigation, it was revealed that the businessmen had floated multiple entities for issuing such fake invoices. Both of them were arrested under Section 69(1) of the CGST Act, 2017 and produced before the Metropolitan Magistrate, Patiala House in national capital.

Further investigations are underway and the quantum of evasion is likely to go up. Officers are not ruling-out the possibility of existence of several other fake firms as the investigation moves ahead.

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