Anti-evasion wing detects Rs 241-crore GST fraud, one nabbed

New Delhi, Dec 28 (KNN) The Anti-Evasion wing of CGST Delhi South Commissionerate has discovered yet another case of fake invoicing and GST fraud, a Finance Ministry statement stated.
 
Over 120 entities who are involved in the transactions have come to light so far, involving fake invoicing of Rs. 1,600 crores and tax evasion of Rs 241 crores.
 
The investigations have unearthed a well organised racket of creating bogus firms, issuing fake invoices and bogus e-way bills to generate and encash tax credits.
 
''The main culprit who was arrested as per the provisions of Section 69 of the CGST Act, 2017,  produced before judicial magistrate  on the same day and remanded to 10 days of judicial custody. The racketeer had created several firms on the basis of unauthorised access to identity documents of various persons,'' the statement said further.
 
The new modus operandi was uncovered by a team of investigators, who worked unceasingly over many weeks to uncover the maze of companies created across India. Incriminating electronic evidences have been recovered from the premises of the accused, it added.

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