Director Arrested in Major Anti-Evasion Drive for Wrongful ITC Claims
In a significant enforcement action targeting GST malpractices, the Anti-Evasion Branch of the Central Goods and Services Tax (CGST), Delhi South Commissionerate, has executed the arrest of a Director helming a private limited company. The entity, which operates in the trading of electronic goods, is alleged to have orchestrated a sophisticated scheme to fraudulently avail Input Tax Credit (ITC) totaling ₹6.53 crore.
This development underscores the department's zero-tolerance policy towards "paper transactions" where credit is claimed without the underlying movement of goods.
Unearthing the Fraudulent Modus Operandi
The investigation initiated by the authorities brought to light a network of deceit involving the utilization of bogus invoices. The accused company reportedly generated or procured invoices valued at ₹36.28 crore to justify the inadmissible ITC claims.