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TMI Blog2022 (6) TMI 354X X X X Extracts X X X X X X X X Extracts X X X X ..... ntral Goods and Services Tax Act 2017 - HELD THAT:- Offence committed by the applicant is economic offene which is well planned. In the investigation of the respondent, non existent/fake suppliers were noticed. Applicant availed benefit of ITC on the basis of fake invoices. Investigation is till in progress. There is documentary evidence against the applicant of his involvement in the commissi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f entities in availing and passing of fake Input Tax Credit(ITC) without any actual supplies of goods and therefore, fraudulently making loss of revenue to the Government, thereby, the accused has violated the provisions of CGST Act, 2017. During investigation, it is transpired that the suppliers of applicants company are fictitious/non-existent firms formed with malicious intent to avail and pass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vember 2021. Applicant is scrap trader. Applicant has maintained record of movement of the goods and same has been provided to the respondent. Bank statement of the applicant is also provided. Amount paid by the applicant to the suppliers are through banking transactions. Details of the buyers are provided to the respondent by the applicant who are mill owners. Similarly, detailed information of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ne. However, out of 27 entities, 14 are apparently bogus as revealed in the investigation and their transactions are bogus. It is requested to reject the application. 5. After hearing both the sides, I have gone through record. Offence committed by the applicant is economic offene which is well planned. In the investigation of the respondent, non existent/fake suppliers were noticed. Applicant ..... X X X X Extracts X X X X X X X X Extracts X X X X
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