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GST Intelligence detect Rs 4521 cr tax fraud in Delhi, Kolkata

By IndianMandarins- 15 Jan 2022
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New Delhi (15.01.2022): 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. Searches were conducted on the premises of accused in Delhi and Kolkata.
“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. The mastermind behind the whole racket was arrested on January 13.
To catch the mastermind behind these fake firms, the officials of the Directorate General of GST Intelligence (DGGI) conducted searches in Delhi. On scrutiny of one of the suspicious servers, details of certain firms were found in tally data. It was informed by the proprietor that this tally data is being maintained by one syndicate based in Kolkata, following which searches were conducted Kolkata. “On analysis of electronic devices, documents, mobiles and e-mail of these persons, it has been found that these persons are remotely maintaining data on the server found at the premises in Delhi,” the statement added.

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