Detection of fake invoices case with wrongful availment of Rs. 39 Crore Input Tax Credit and Rs 350 crore taxable value involving multiple fake/bogus firms.
In a joint operation of Anti Evasion Wing and the Amritsar Division of CGST Commissionerate, Jalandhar, a case of fake invoices against 7 firms has been booked, initially valued at around Rs. 350 Crores and quantified to involve tax liability of Rs. 39 Crores approximately, being run by a syndicate of fake firms across the districts of Amritsar, Batala and Jalandhar.
One of the main co-accused and masterminds of the syndicate of fake firms, admitted to individual tax liability of Rs. 9.46 Crore and was consequently arrested on 08.08.2019 by the Anti Evasion wing on account of his two firms namely M/s Nav Bharat Allied and Chemicals, Amritsar and M/s Shri Durgaji Enterprises (HUF), Amritsar. He was produced before the Chief Judicial Magistrate, Amritsar who has remanded him to judicial custody. It is pertinent to mention that CGST Department has all the firms under the scanner who have been availing fake ITC fraudulently from these and other dummy firms in the region and a policy of zero tolerance will be applied to such day light frauds.
Further investigations on the persons involved in the scam are in progress and serious action for recovery of government dues are likely to be made very soon. Details of more such firms have already emerged during the investigations and stern action as per law will be taken against the involved persons/firms unless they deposit the fraudulently availed ITC voluntarily.