Goods and Services Tax – GST Dated:- 7-3-2020 – News – DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pvt Ltd others. Aforesaid companies have fraudulently claimed IGST refunds on export of goods to the tune of more than ₹ 61 Crores . It has been revealed that ITC has been fraudulently availed by M/s Aastha Apparels Pvt Ltd others on the basis of invoices received from non-existent/non-functional firms/companies or from companies which have indulged in circular trading. The said firms/companies also did not have commensurate purchases backwards. It has been further revealed that the supplier companies to these exporter companies are controlled managed by few persons only and the
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