1 Racketeer arrested in Rs 214 Cr fake GST invoice scam in Delhi, web of fraud companies found

New Delhi: The Ministry of Finance announced yesterday that the Anti Evasion wing of CGST Delhi South Commissionerate has detected a case of Input Tax Credit (ITC) fraud through fake invoices issued by bogus firms. Investigations led to discovering the accused had also been generating bogus e-way bills to back the fake invoices. Over 35 entities are involved in the bogus transactions, involving fake invoicing to the tune of Rs. 214.74 crores and tax evasion of Rs. 38.05 crores.

One person has been arrested on 19 February and remanded to judicial custody of 14 days. Further investigations in the matter are in progress.

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The ID Staff

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