CGST wing detects Input Tax Credit fraud of more than ₹ 214 crores in Delhi, 1 held

The Anti Evasion wing of CGST Delhi South Commissionerate has detected a case of Input Tax credit fraud through fake invoices issued by bogus firms. Investigations led to discovering the accused had also been generating bogus e-way bills to back the fake invoices. Over 35 entities are involved in the bogus transactions, involving fake invoicing to the tune of ₹ 214.74 crores and tax evasion of ₹ 38.05 crores.

One person has been arrested on 19.02.2020 and remanded to judicial custody of 14 days.

Further investigations in the matter are in progress.