The anti-evasion branch of Central Goods and Service Tax, Commissionerate, East Delhi punched a hole in a syndicate, who created fake bills worth 1,278 crore rupee by falsely claiming ITC. The Finance Ministry on Thursday said, “A person has been arrested in connection with the incident.”
It has been said that the syndicate operated seven shell companies with the intention of running inadmissible credit which generated 137 crore rupees. Since the bust of the racket, the GST officers over nine places, including Delhi neighbor, Haryana.
The ringmaster of the racket, Ashish Aggarwal created fake invoices/bills without the actual movement of goods, and to backtrack his non-existential transportation of goods, he created fake e-way bills.
The statement issued said, “The mastermind of the entire racket, Ashish Aggarwal, has been arrested under Section 132 of the CGST Act on October 29 and has been Remanded to transit custody.”
It is claimed that the primary beneficiary firm of this syndicate was M/s Maya Impex and it was registered in the name of Aggarwal’s 66 – year – old mother and it was used to generated fake ITC of 77 crore rupees.
These Bogus invoices were raised in the name of fictitious selling of dairy products like ghee, milk powder, etc. The statement said, “It is pertinent to mention here that apart from the other number of distinct companies, major brands like M/s Milk Food Ltd was one of the major beneficiaries of this inadmissible credit.”
The Directorate General of GST Intelligence (DCGI), Gurugram arrested an individual for cheating and operating fictitious firms by forging documents and passing fake input tax credit of 392 crore rupees through issuance of invoices without any actual receipt or supply of goods or services.
Besides Ashish Aggarwal, Kabir Kumar got arrested and admitted to creating 31 firms. These firms generated bogus invoices without any supply of goods. These invoices were worth rupees 2,993.86 crores and ITC amounted to rupees 392.37 crores.
