CGST Delhi South Commissionerate arrests director of a company for fraudulent availment of Input Tax Credit (ITC) amounting to Rs.60.59 crore through bogus invoices of Rs.397.23 crore

India, March 9 -- The Government of India has issued a release:

As part of its ongoing enforcement drive against fraudulent Input Tax Credit (ITC) claims, the Anti-Evasion Branch of the Central Goods & Services Tax (CGST), Delhi South Commissionerate, has arrested a Director of a private limited company engaged in trading of Smartphones for fraudulent availment of Input Tax Credit (ITC) amounting to Rs.60.59 crore through bogus invoices of Rs.397.23 crore. This violates Section 16 of the CGST Act, 2017 and is punishable under Section 132.

Analysis of GST return data and verification of the declared place of business of the supplier entity revealed that the premises was merely a co‑working space and no books of accounts, stock, invoi...