Officers from the Anti-Evasion section of the Central Products and Service Tax (CGST) Commissionerate, Delhi (West), have discovered a case of inadmissible input tax credit (ITC) availment and passing on through goods fewer bills totaling Rs 91 crore, based on specific intelligence (approx).
The scheme involves the flotation of many companies with the intention of obtaining and passing on inadmissible credit.
M/s Girdhar Enterprises, Arun Sales, Akshay Traders, Shree Padmavati Enterprises, and 19 other companies are part of this network. These 23 companies were formed with the intention of generating goods-less invoices in order to pass on bogus ITC while avoiding paying true GST to the government.
Shri Dinesh Gupta, Shri Shubham Gupta, Shri Vinod Jain, and Shri Yogesh Goel were all involved in the production and selling of bogus bills. These companies deal in a variety of commodities and are involved in the fabrication of goods-less invoices worth Rs. 551 crore as well as the passing of inadmissible ITC worth Rs. 91 crore (approx.). All three defendants voluntarily made a statement confessing their guilt.
The Delhi Zone has been working hard to combat GST evasion, resulting in the discovery of Rs. 91.256 crore in the current fiscal year and the arrest of three people.