Home >News >India >GST officials detect fake invoices, arrest 3 in Delhi
During investigation it was found that the 17 firms existed only on paper
During investigation it was found that the 17 firms existed only on paper

GST officials detect fake invoices, arrest 3 in Delhi

  • Officers of the Central GST Delhi East Commissionerate detected that the fraudulently availed input tax credit by these firms was used to file refund claims to the tune of 11.55 crore
  • During investigation it was found that the 17 firms existed only on paper and had been floated for passing on input tax credit by generation of fake invoices

NEW DELHI : GST officials have arrested three persons involved in floating 17 fake firms and wrongfully availing credit on taxes paid on input worth 436 crore by issuing fake invoices.

Officers of the Central GST Delhi East Commissionerate detected that the fraudulently availed input tax credit by these firms was used to file refund claims to the tune of 11.55 crore, an official statement said.

"During investigation it came to light that a major Hawala operation was being run by the accused persons in connivance with certain bank employees (under investigation)," the statement issued by CGST Delhi East said.

During investigation it was found that the 17 firms existed only on paper and had been floated for passing on input tax credit by generation of fake invoices.

The three accused -- Asif Khan, Rajeev Chhatwal and Arjun Sharma -- were arrested on March 1 and remanded to judicial custody till March 13.

The trio, operating a total of 17 fake firms, procured invoices without actual supply of goods and availed and passed on input tax credit fraudulently to the tune of 436 crore.

The accused are related to each other and were evading investigation for the last one month.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Subscribe to newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

Close
×
My Reads Logout