Goods and Services Tax – GST Dated:- 21-6-2019 – News – The Directorate General of GST Intelligence Hqrs. (DGGI Hqrs.) has arrested one person, namely, Sh. Munish Kumar, Partner of M/s Sushil Kumar Munish Kumar, Hisar, Haryana and controller of M/s Sushil Kumar Munish Kumar Co., Ahmedabad. Both of the said firms had taken ITC fraudulently to the tune of more than ₹ 16 Crore involving invoice value of ₹ 322 Crore on the strength of invoices issued by non-existent fake firms. The said two firms thereafter, passed on such fraudulently taken ITC to some of the well established Cotton Yarn Spinners who availed of the same to discharge their GST liability against the outward supply, with an ulterior motive to defraud the Governme
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