New Delhi: GST officers have arrested an individual for creating faux companies and fraudulently passing on enter tax credit score (ITC) value Rs 94 crore, the Finance Ministry mentioned on Friday.
Investigation revealed that the multi-layered community was being operated by one Krishan Kumar, the Finance Ministry mentioned.
“During the search of his residence, incriminating documents like ATM cards, signed cheques, bank documents, stamps of these dummy firms including the stamp of the transport company as mentioned in the e-way bills of the fake firms and outer packets/cases of SIM cards of mobile phones used for registration of firms were recovered,” it mentioned.
In 2020-21, CGST Delhi Zone has made complete 40 arrests in numerous instances involving GST evasion amounting to Rs 5,310 crore, it mentioned.
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