Goods and Services Tax – GST Dated:- 12-8-2021 – News – The CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd., Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods. On the basis of the investigation conducted till date, the said firm showed purchase of cement from non-existent concern namely M/s Vishal Enterprises, Gautam Buddha Nagar using fraudulent invoices not backed by concomitant supply of goods, showing fake transport records. In this way, M/s. F2C Wellness Pvt. Ltd., Faridabad had passed fraudulent ITC of Rs. 10.33 crore on invoices without accompanying goods to various end users. The investigation
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