Delhi Man Arrested For Issuing Fake GST Invoices Worth Rs 4,521 Crore
NDTV
GST officers have arrested one person for operating a syndicate and issuing fake invoices of Rs 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.
It said scrutiny of tally data has shown that there are 636 firms being operated by this syndicate and the mastermind of the syndicate has accepted that they have issued only invoices in these firms and not supplied any goods against them.
"They have issued invoices involving taxable value of about Rs 4,521 crore having ITC implication of about Rs 741 crore," the statement said.
During the course of the investigation, GST amounting to Rs 4.52 crore has been deposited by the reversal of ITC available in the ITC ledger of these firms. Further, till now, about Rs 7 crore lying in various bank accounts of these firms has been frozen, it added.
