Tag: fraudulent ITC claim

Press Release

CGST Delhi South officials arrest one company director in fraudulent availing ITC of Rs.6.53 crore

byAdmin

As part of its ongoing enforcement drive against fraudulent ITC claims, the Anti-Evasion Branch of the Central Goods & Services Tax (CGST), Delhi South Commissionerate, has unearthed another significant case of tax evasion and has arrested a Director of a private limited company engaged in trading of electronic goods for fraudulent availment of Input Tax Credit (ITC) amounting to ₹6.53 crore through bogus invoices of ₹36.28 crore.

ArticleGST Article

Bail in GST ITC fraud may be granted after prolonged pre-trial detention if the investigation is complete, the accused is not a flight risk and willing to comply conditions

byCA Bimal Jain

The Hon’ble Gujarat High Court in the case of Sunil Hiralal Mandowara held that bail should be granted to an accused in a GST ITC fraud case considering the long period of pre-trial custody, the applicant’s willingness to comply with conditions, and lack of evidence of flight risk or tampering.

Press Release

CGST & Central Excise Raigad Commissionerate arrests two persons for fraudulently availing Input Tax Credit of Rs. 9 crore through shell firms in New Panvel, Raigad, Mumbai Zone

byAdmin

A team of officers of Anti-Evasion, CGST & Central Excise Raigad Commissionerate, Mumbai Zone, yesterday arrested two persons involved in generating and fraudulently passing on Input tax Credit (ITC) of more than Rs. 9 crore by creating fictitious firms and issuing invoices without actual supply of goods/service.