GST officers detain 4 in 3 diverse cases of ITC scam of Rs 178 crore

GST officers recently detain four persons in three different fake invoicing cases. And the cases involve a total input tax credit scam of INR 178 crore. The finance ministry on this Monday has reported about this scam.

As per the reports, the authorities of the Central Goods and Services Tax comissionerate have unveiled a network of a fabricated organization that generates fake invoices. Yes! You are reading it right. The Delhi CGST team catches a group that made good fewer invoices and passed on fake ITC to many beneficiaries. However, there was a total of four individuals detained. All four are from three different cases of scams. The thing that will astonish you is the total amount of ITC involving in these three cases is INR 178 crore. And the ministry itself declares it in a statement.



In one of the cases, four non-reality organizations created by the main culprits. And they were passing on ITC of INR 54 crore primarily to 14 other organizations. However, the main culprits caught in this case were not only indulging in passing on fake invoices to other organizations, but they also were using such invoices to claim IGST refund on the export of goods.

Vikas Goyal and Gopal Aggarwal's main culprits have admitted their involvement in this case. They were running this network of a fake organization and arrested by GST officers on the 12th of February.

Similarly, in the second case, the culprit Mohinder Kumar received Scammed GST ITC of INR 111 crore for his two firms. One was VMW enterprises, and the other one was Shree Bahadur steel company.

Further, in the third case, Surender Kumar Jain, who is the director of VDR colors and Chemicals Pvt Ltd, found tangled in availing fake ITC of INR 13 crore.

Wrapping, these are the latest news about the finance department. People who are looking for filing returns and all other compliances can contact Chakdebiz.

 

 

 

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