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The Directorate General of GST Intelligence (DGGI) said it has registered a case against Aastha Apparels Pvt Ltd and others, for fraudulently claiming refunds on export of goods of over ₹61 crores. Apparently, Aastha Apparels Pvt Ltd and others have availed input tax credit (ITC) fraudulently, on the basis of invoices received from non-existent or non functional firms.
It has been reported that the supplier companies to these exporter companies are controlled and managed by few persons only and they are also engaged in claiming of suspect IGST refunds. These companies have created a complex web of circular trading among themselves without commensurate payments or actual supplies of goods to pass on ineligible ITC to the exporters.
Two directors of these exporting companies have been already arrested on 7th March 2020 under Section 69(1) of CGST Act, 2017 for offences under provisions of Sections 132(1)(b) and 132(1)(c) of the CGST Act 2017.