New Delhi, July 13 (Agency) The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI) has arrested one person under the provisions of the GST Act on charges of availment of Input Tax Credit (ITC) on the strength of goods-less invoices, an official statement said on Wednesday. The DGGI said the inadmissible ITC was of more than Rs 52 crore.
”An intelligence was developed by the officers of DGGI Gurugram Zonal Unit wherein it was gathered that AKS Electrical and Electronics Ltd located at S-1 & S-15, Bulandshahar Road, Industrial Area, Ghaziabad, Uttar Pradesh, was engaged in availment and issuance of fake/ bogus ITC without the underlying supply of goods. It was further observed that they had made huge purchases in a particular year from Abhishek Industries,” the statement said. Based on the verifications, evidences and statements recorded, it appeared that AKS Electrical and Electronics Ltd was allegedly involved in availment of inadmissible Input Tax Credit (ITC) on the strength of goods-less invoices received from various including firms Abhishek Industries without actual supply of goods, it said. Director of AKS Electrical and Electronics Ltd was arrested on July 6, 2022, for which a judicial remand of 14 days was granted, it added.