GST officials arrest Delhi man for ITC fraud of over Rs 43 crore
By TIOL News Service
NEW DELHI, MAR 11, 2021: THE Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU) on Thursday said a Delhi resident has been arrested on charges of creating and operating multiple fictitious firms for availing and passing on Input Tax Credit (ITC) of more than Rs. 43 crore.
Mr Ravinder Kumar, also known as Mr Ravinder Garg, has been arrested, on charges of "creating and operating fictitious firms on forged documents which were used in availing of and passing on ITC on bogus invoices without actual receipt and supply of goods or services," said the GST officials.
"Mr Kumar kept eluding the investigation and did not appear before the investigating authorities even after issuance of summons on multiple occasions," said the authorities. He was nabbed after a period of monitoring and active surveillance on March 9.
The investigation spanned multiple locations in Delhi and Haryana and based on documentary evidence and statement recorded, it was established that Mr Kumar is the key person in orchestrating this racket of creating fake firms on forged documents.
The accused admitted to creating two Private Limited companies, a partnership firm and multiple proprietorship firms in Haryana, New Delhi and Jharkhand on paper, which have generated sham invoices without goods amounting to Rs. 237.98 crore and passed on fake ITC amounting to more than Rs. 43 crore.
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