CGST Delhi South Commissionerate busts a racket that fraudulently availed Input Tax Credit (ITC) worth Rs.47.12 crore in iron one arrested
GST
Dated:- 4-8-2025
The Anti-Evasion Branch of CGST Delhi South Commissionerate has unearthed a large-scale fraudulently availed Input Tax Credit (ITC) racket involving a Naraina-based taxpayer engaged in trading of iron and steel items. The case involves fraudulent availment and passing on of ITC totaling Rs.47.12 crore, based on bogus invoices against a taxable value of approximately Rs.261 crore, without any actual supply of goods.
Acting on specific intelligence developed by the Anti-Evasion wing, an investigation was initiated into a suspicious supply chain. The inquiry revealed that
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