CGST Delhi South Officials Arrest Company Director for ₹6.53 Crore ITC Fraud

Officials from the Central Goods & Services Tax (CGST), Delhi South Commissionerate, have discovered a significant case of tax evasion, leading to the arrest of a company director involved in electronic goods trading. The director is accused of fraudulently obtaining an Input Tax Credit (ITC) of ₹6.53 crore through fictitious invoices totaling ₹36.28 crore. Investigations reveal several firms issuing these invoices were non-existent or non-operational. The ITC was claimed without receiving any goods, and this fraudulent action violated the Central Goods and Services Tax Act, 2017, resulting in the director's arrest and remand to judicial custody for 14 days.

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