GST Fraud: Delhi CGST officials arrest mastermind of Rs 134 crore tax scam
Zee News
CGST Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters.
New Delhi: The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters who were availing and utilizing fake Input Tax Credit (ITC) of Rs 134 crore under the Goods and Services Tax (GST) with an intent to claim IGST refund fraudulently.
On the basis of Risk Analysis, a risky exporter Vibe Tradex was identified for scrutiny. The entity is engaged in the export of Pan Masala, chewing tobacco, FMCG goods, etc.
The network of fictitious exporters was being operated by a person named Chirag Goel, who is an MBA from the University of Sunderland, UK.
