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GST authorities arrest 2 for fraudulently availing Rs 127 cr input tax credit

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10 Oct, 19 04:10
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GST authorities arrest 2 for fraudulently availing Rs 127 cr input tax credit

Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit in Haryana has arrested two persons for generating fake invoices and fraudulently availing input tax credit totalling 127 crore rupees. The two individuals were found involved in fake invoices racket having taxable value of 931 crore rupees and fraudulently passing or availing Input Tax Credit (ITC) amounting to 127 crore rupees through a complex web chain of various entities.

Finance Ministry in a statement said, many of these entities were under their control and they also formed separate entities in the name of their employees/dummy persons and generated fake invoices without actual movement of goods.

The Finance Ministry also said the arrested persons Gulshan Dhingra and Sanjay Dhingra, both residents of Delhi, were arrested on October 7 under various sections of the Central Goods and Services Tax Act (CGST), 2017 for causing loss to exchequer by evasion of GST.


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