Goods and Services Tax – GST Dated:- 24-1-2022 – News – The officers of Bhiwandi Commissionerate of CGST Mumbai Zone have arrested a businessman was running a Fake GST Input Tax Credit racket. Acting on an intelligence from Central Intelligence Unit of Mumbai CGST Zone, the officers initiated coordinated action at different locations in Thane, Bhiwandi, Raigad and Mumbai and detected GST evasion of ₹ 11.4 crores through generation and passing of fake ITC through intricate web of bogus billing of more than 63 Crores. The search was conducted at Bhiwandi based business premises of M/s. Adarsh Scrap Traders which was indulging in bogus billing and availment and passing on of fake ITC and thus defrauding the Government exchequer of
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pur, Pune, Delhi and Nasik apart from Mumbai and Thane. At this stage, it seems that around 25 entities are part of this network. Jurisdictional Commissionerates are being informed to initiate legal action against the firms falling in their jurisdiction. This operation is a part of efforts by CGST Mumbai Zone to eradicate fake ITC networks, which have been vitiating the healthy economic ecosystem of the country and defrauding the Government Exchequer. This the Sixth arrest by Bhiwandi Commissionerate in last 6 months. The department will intensify the drive against fake ITC networks and other GST evaders in the coming months. – News – Press release – PIB Tax Management India – taxmanagementindia – taxmanagement – taxmanagementindia.co
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