MrSocial News [Admin]
Jan 18, 20212 min
The network of fake firms was being operated by one Shri Arvind Kumar, who used to pass fake ITC for a commission of 4 to 4.5% of the invoice amount.
An investigation conducted so far has revealed 46 firms to be fictitious which were being controlled by Shri Arvind Kumar and his associates. These firms had no business activity and had been created solely for the purpose of passing on fake ITC. The total fake ITC quantified so far is Rs. 82.23 crores generated out of the fake billing of Rs. 541.13 crore which is expected to increase as the investigation progresses.
Shri Arvind Kumar was arrested under Section 69(1) of the CGST Act, 2017 and produced on 17/01/2021 before the Duty Magistrate, who remanded him to judicial custody of 14 days till 31/01/2021. Further investigation in the case is under progress.
It is pertinent to mention here that since the inception of GST Central Tax, Delhi Zone has made 19 arrests in various cases involving GST evasion amounting of more than 3766.69 crores.
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