NEW DELHI, July 11:
GST officers have busted a network of 23 entities involved in creation of fake invoices worth Rs 551 crore and passing inadmissible input tax credit worth Rs 91 crore.
Based upon specific intelligence, the officers of the anti-evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through goods less invoices of about Rs 91 crore, the Finance Ministry said in a statement.
The firms involved in this network are M/s Girdhar Enterprises, M/s Arun Sales, M/s Akshay Traders, M/s Shree Padmavati Enterprises and 19 others. These 23 firms were floated in order to generate goods-less invoices with an intent to pass on fraudulent ITC without paying actual GST to the government.
These entities are dealing in various commodities and involved in generation of goods-less invoices worth Rs 551 crore and passing inadmissible ITC amounting to approximately Rs 91 crore.
The modus operandi involved floating of multiple firms with the intent to avail/utilize and passing on of inadmissible credit.
“Late Dinesh Gupta, Shubham Gupta, Vinod Jain and Yogesh Goel were associated in the said business of generating/selling fake invoices. …All the three accused tendered their voluntary statement admitting their guilt,” the ministry added.
The three were arrested under Section 132 of the CGST Act on July 10 and remanded to judicial custody. Further Investigations are in progress, the Ministry added. (PTI)


Shaharbeen News Service Kashmir is a news service which covers, gathers, writes, and distributes news to newspapers, periodicals, radio and television broadcasters, government agencies, and other users. We at SNS Kashmir believe in fair and independent journalism to inform our masses or subscribers and readers about the happenings around the world. The prime focus of the news gathering and reporting is focused on Jammu and Kashmir state.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.