Delhi’s GST dept. busts Rs 347 cr fake billing scam
The firms were engaged in circular trading and issuing fake bills to claim fraudulent Input Tax Credit (ITC) to evade taxes.
A person involved in availing and passing fraudulent Input Tax Credit (ITC) of Rs 16.74 crore without receipt of goods from different fake, suspended, and non-existent firms, has been arrested.
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has unearthed a case wherein a series of entities controlled by a person as proprietor/director of M/s Umang Overseas, M/s Ulagarsan Impex Put Ltd and M/s Umang Impex Private Limited, was found to be involved in availing and passing fraudulent ITC of Rs 16.74 crore without receipt of goods from different fake, suspended and non-existent firms.
During the search, many pen drives, rubber stamps of different firms, and documents/records were resumed and the same is being investigated for estimation of duty evasion.
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The key person involved in availing and passing of fraudulent ITC was arrested and produced before the Chief Metropolitan Magistrate, Patiala House Court on 5 April, and ordered judicial custody for 14 days.
Further investigation into the matter is in progress.
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