GST fraud of around ₹70 crores has been caught in Delhi

The Central Goods and Services Tax (GST) Delhi North Commissionerate arrested one person who received fake invoices valued at ₹71.22 crores , involving fraudulent Input Tax Credit (ITC) of ₹12.82 crores from around 30 fake firms.

In this case ,”Fake e-way bills were generated for several vehicle numbers as well as fake invoices were received by the accused from the operator of fake firms for availing fraudulent ITC. 

Payments were made to the operator of these fake firms through bank and the same were received back in cash by the accused after deducting the commission, which is 50% of the tax value involved.

In addition to this , accused used to procure goods on which GST has not been paid , from small unregistered manufactures or traders without paying the GST and used to pass on the fraudulently availed ITC to his buyer”.

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