Sushmita Goswami | Apr 2, 2022 |
Fake ITC: GST Dept Arrests Director of Dharamraj Metal Corporation for Availing Fake ITC of Rs. 12.62 Cr
On 31.03.2022 CGST Palghar of Mumbai Zone has arrested a Director of Dharamraj Metal Corporation for availing and passing fake ITC of Rs 12.62 Crores on bogus invoices of Rs 70 Crore.
The Accused has been sent to Judicial Custody for 14 days by the Magistrate i.e. up to 13.04.22.
Fake ITC: GST Dept Busts GST Fake ITC Racket of Rs.19.84 Crore; Proprietor Arrested
A similar case happened on 30.03.2022. CGST Commissionerate, Navi Mumbai has busted a fake ITC racket of Rs. 19.84 Crore and arrested the Director of M/s Fortune Global Trade Private Limited on 30th March 2022. This Vikhroli-based private limited company, which was dealing in the trade of synthetic rubber, had engaged in availing and utilization of fake GST Input Tax Credit (ITC) on the basis of bogus invoices of Rs. 110 Crore.
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