The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana, has arrested one person for creating fictitious firms on forged documents and passing on fake ITC worth Rs 43 crore, Finance Ministry said on Thursday.
Shri Ravinder Kumar (aka Ravinder Garg), a New Delhi resident, was arrested on charges of developing and running fictitious businesses based on forged documents that were used to obtain and pass on Input Tax Credit on fraudulent invoices without actual receipt and supply of goods or services.
The person has established multiple proprietorships, partnership firms, and private limited companies in Haryana, New Delhi, and Jharkhand solely on paper, according to the investigation conducted so far. Shri Ravinder evaded the inquiry and refused to appear in front of the investigating authorities on several occasions, despite being issued with a summons.
He admitted to setting up two Private Limited Companies, one partnership company, and a number of sole proprietorships that produced sham invoices worth Rs. 237.98 crore and passed on fake ITC worth over Rs 43 crore.
The investigation stretched several locations in Delhi and Haryana, and it was determined that Shri Ravinder Kumar is the main person in orchestrating this racket of creating fake firms using forged documents based on documentary evidence and statements made.