Goods and Services Tax – GST Dated:- 23-6-2023 – News – DGGI Gurugram officials bust racket involving 539 fake entities and fraudulently claiming ITC of Rs. 1,124.66 crore, one held In another operation, GST evasion of Rs. 97.44 crore through a network of 19 fake entities busted In an intelligence-based operation, the Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit, has unearthed a major fraudulent Input Tax Credit (ITC) racket involving 539 fake entities, which have passed on fraudulent ITC of Rs. 1,124.66 crore. So far, one key operative has been arrested. On the basis of forensic examination, huge number of forged/morphed Aadhar card, PAN card, huge number of GST registrations of fake firms sampl
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e mobile phones and supply them in bulk to various traders. However, as the goods are bereft of ITC that can be utilised further, these persons create a network of fake firms to generate fraudulent ITC and then use this fraudulent ITC for further discharging their GST liability. So far, a network of 19 fake entities has been unearthed during a investigation and a detection of GST evasion of Rs. 97.44 crore has been made, resulting in recovery of Rs. 18.35 crore. In one such recent detection involving fraudulently availed ITC of Rs. 9.58 crore, a key person has been arrested. In the Financial Year 2023-24, Gurugram Zonal Unit has unearthed 1,198 fake GSTINs, involving fraudulent ITC detection of Rs. 2,762.30 crore, and have prevented
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