[Breaking]: GST Intelligence of Haryana Arrests Proprietor allegedly involved in ITC fraud

Under the provisions of the HGST Act, 2017, Vijay Garg, Proprietor of M/s Shree Shyam Traders, GSTIN – 06AKQPA4209F1ZH registered at Sec – 5 Road, Dharam Colony, Palam Vihar, Gurugram, was arrested by the Haryana State GST Intelligence Unit. The company traded iron and building materials and engaged in the practise of obtaining and passing on fictitious input tax credits.

M/s Shree Shyam Traders (GSTIN – 06AEQPG6869P1ZH) and M/s Satyasa Enterprises (GSTIN – 06BDLPG3178G2ZH) were also managed/operated by members of the same family, including the accused who was detained.

After the Hon’ble Supreme Court denied his anticipatory bail application, the accused was apprehended in Delhi. He was arrested and taken into judicial custody for 14 days after being brought before the Gurugram District Court. In addition, an investigation is underway.

The Haryana government has zero tolerance for fake/fraudulent firms, and necessary legal action would be taken under the Act against those who set up such spurious firms and those who receive ITC from such bogus firms.