Monday, October 25, 2021
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Delhi GST Officers Busts Fictitious Exporter Network for Rs 134 Crore ITC Fraud

GST officers in Delhi have busted a community of fictitious exporters and arrested one particular person for fraudulently claiming enter tax credit score of Rs 134 crore. The Finance Ministry mentioned that primarily based on danger evaluation, M/s Vibe Tradex, engaged in export of Pan Masala, chewing tobacco, FMCG items and many others, was recognized for scrutiny.

The officers of Central Items and Companies Tax (CGST) Commissionerate, Delhi East, carried out the detailed evaluation and unearthed a community of fictitious exporters who had been availing and using pretend Enter Tax Credit score (ITC) of Rs 134 crore underneath the Items and Companies Tax (GST) with an intent to assert IGST refund fraudulently, the Ministry mentioned. The community of fictitious exporters was being operated by Chirag Goel.

On an intensive evaluation of the e-Manner Payments generated by two provider corporations/ firms owned by his affiliate, who’s at giant, it was discovered that the autos for which the e-way Invoice had been generated for purported provide of products had been being utilized in distant cities specifically Gujarat, Maharashtra, Madhya Pradesh and had by no means entered Delhi throughout the mentioned interval.

The assertion mentioned that Goel masterminded the conspiracy to defraud the federal government. He has been remanded to 14 days judicial custody until October 26. Additional investigation within the case is underneath progress.

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