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One arrested for fraudulently availing ITC of over Rs 16 crore

11/04/2022 at 8:53 PM

New Delhi, Apr 11: The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has unearthed a case wherein a series of entities controlled by a person as Proprietor / Director of M/s Umang Overseas, M/s Ulagarsan Impex Pvt Ltd and M/s Umang Impex Private Limited, was found to be involved in availing and passing fraudulent Input Tax Credit (ITC) of Rs  16.74 crore without receipt of goods from different fake, suspended and non-existent firms, officials said on Monday.

A search was conducted at various premises in the previous week during which many pen drives, rubber stamps of different firms, and documents/ records were recovered and now are being investigated for estimation of duty evasion.

The key person involved in availing and passing of fraudulent ITC was arrested a day later the search was conducted. He was then produced before the Chief Metropolitan Magistrate, Patiala House Court on April 5 and ordered judicial custody for 14 days.

Further investigation into the matter is in progress.

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