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GST - CGST Delhi sleuths nab man for Rs 9 cr ITC fraud

By TIOL News Service

NEW DELHI, MAR 27, 2021: THE officers of the anti-evasion branch of the Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have arrested a man for floating multiple firms to pass on inadmissible Input Tax Credit (ITC) through goods less invoices of approximately Rs. 9 crore.

Based upon specific intelligence, the GST officers found Mr Naveen Bansal, proprietor of

Ishita Ispat and HM Trading Company, dealing in metal scrap and involved in availing inadmissible ITC using good less invoices. He tendered a voluntary statement admitting his guilt.

Mr Bansal was arrested under Section 132 of the CGST Act on March 26, for committing cognizable and non-bailable offences.

Notably, the GST Delhi Commissionerate has detected Rs. 5,319.6 crore in the present financial year and 41 persons have been arrested in these matters.


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