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April 12, 2022

GST officers arrest one person for fraudulently availing ITC of more than Rs 16 crore

by CA Shivam Jaiswal in GST

GST officers arrest one person for fraudulently availing ITC of more than Rs 16 crore

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has unearthed a case wherein a series of entities controlled by a person as Proprietor / Director of M/s Umang Overseas, M/s Ulagarsan Impex Put Ltd and M/s Umang Impex Private Limited, was found to be involved in availing and passing fraudulent Input Tax Credit (ITC) of Rs  16.74 crore without receipt of goods from different fake, suspended and non-existent firms.

A search was conducted at various premises on 04.04.2022. During the search, many pen drives, rubber stamps of different firms, documents/ records were resumed and the same are being investigated for estimation of duty evasion.

The key person involved in availment and passing of fraudulent ITC was arrested on 05.04.2022 and produced before the Chief Metropolitan Magistrate, Patiala House Court on 05.04.2022 and ordered judicial custody for 14 days.

Further investigation in the matter is under progress.

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