New Delhi, Feb 24 (Agency) In yet another crackdown on fake billing racket, the Goods and Services Tax (GST) authorities have arrested two persons for issuance of fake invoices of over Rs 200 crore without actual supply of goods using dummy firms in Haryana. The accused fraudulently availed and passed Input Tax Credit (ITC) amounting to Rs 31.85 crore. “A team of officers of Anti-Evasion, CGST Commissionerate, Faridabad, conducted simultaneous searches at 5 places in Faridabad on 22nd February, 2022. During the investigation, it was found that the said firms have been availing and passing on fraudulent Input Tax Credit based on bogus/fake invoices without actual supply of goods,” Finance Ministry said on Thursday.
In a separate development, Delhi South CGST has unearthed fake invoicing racket of Rs 611 crore involving tax evasion of 38.5 crore. “Searches and inspections were conducted across locations spread across Delhi, unearthing a cartel running 54 bogus firms registered in Delhi –NCR region that were engaged in fake invoicing and circular trading,” the Ministry said. Preliminary enquiry conducted so far into these transactions has revealed fake invoicing of around Rs 611 crores and tax evasion of over Rs 38.5 crores, it added. The members of cartel in their confessional statements have accepted their roles in managing these bogus firms. Those accused in the case were produced before the Duty Magistrate following which they have been remanded to judicial custody for 14 days.