Fake ITC - Page 3

Search conducted on CA based In Faridabad by GST Department

GOVERNMENT OF INDIA / MINISTRY OF FINANCE OFFICE OF THE COMMISSIONER, GOODS & SERVICES TAX G.S.T. BHAWAN, & BLOCK  ‘C’ & ‘D”, NEW C.G.O. COMPLEX. NH-IV, FARIDABAD-121001, HARYANA (Search conducted on CA based In Faridabad) In pursuance of an investigation into fake invoices of Rs. 47.22 crores (duty in...

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Extraordinary Writ Jurisdiction cannot be invoked in case of Fake ITC & Bills

M/S. Ajanta Industries Vs Commissioner of Central Goods and Services Tax and Anr. (Delhi High Court)

M/s. Ajanta Industries Vs Commissioner of Central Goods and Services Tax and Anr. (Delhi High Court) It is settled law that a petitioner who files a petition invoking the extra ordinary writ jurisdiction has to come to Court with clean hand. Further, a petitioner who seeks equity must do equity. In commercial/appellate jurisdiction, a Cou...

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CGST officials bust network of 23 firms for claiming ITC of Rs 91 crore

Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through goods less invoices of Rs 91 crore (approx)....

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Iron scrap supply under invoices of bogus firms detected

D.O.No.77/CH(IC)/2020 05/07/2021

On the GST front, by innovating and using the recently introduced `RFID-Vehicle related Report', an analysis of risky vehicles was undertaken by the officers of DGGI (SZU). The verification revealed that iron scrap was being supplied by existent but un-registered firms under the invoices for GST ITC of non-existent and bogus firms. Envelo...

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Wrongful availment of ITC – Orissa HC denies Bail

Santosh Kumar Gupta Vs Union of India (Orissa High Court)

Santosh Kumar Gupta Vs Union of India (Orissa High Court) The genesis of the case relates to the search conducted on 29.02.2020 in the office premises of M/s. Pacific Packaging Industries which is a proprietorship concern of the Petitioner by the Senior Intelligence Officers of the Directorate General of Goods and Services Tax Intelligenc...

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Fake GST invoices case: HC ask petitioner to approach Court of Special Judge for Economic Offences

Vennapusa Venkata Subba Reddy Vs Union of India (Andhra Pradesh High Court)

Vennapusa Venkata Subba Reddy Vs Union of India (Andhra Pradesh High Court) It is allegged that petitioner has issued fake GST invoices with a total turnover of Rs. 397,28,11,944/- without supply of goods to different business firms/companies by passing on a total fraudulent input tax credit of Rs. 61,30,33,274/- in respect of 21 firms, o...

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Patiala House court grants Bail in alleged GST Evasion case

Naveen Bansal Vs. Commissioner Central Tax (Patiala House court)

Naveen Bansal Vs. Commissioner Central Tax (Patiala House court) In the present case also in the reply itself it has been mentioned that accused has admitted of causing loss to the tune of Rs.7-8 crores to the exchequer. Accused is in custody since 25.03.2021. To decide whether or not admit accused on bail or not […]...

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All Sections of GST Law For Fraudulent Practice by Taxable Person Like Fake Invoicing /Bogus Billing

All Sections of GST Law For Fraudulent Practice by Taxable Person Like Fake Invoicing /Bogus Billing INPUT TAX CREDIT’ Section 16 (2): Eligibility and conditions for taking input tax credit (2) Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any ...

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No bail in case of GST Evasion by availing wrongful ITC

Manoj Kumar Garg Vs State (Meerut District Court)

Manoj Kumar Garg Vs State (Meerut District Court) The statement of accused was recorded and the accused in his statement has admitted that no goods were received by his firm at his registered address from his suppliers and he claimed fake ITC on behalf of these fake firms. During investigation, the fifteen companies are found […]...

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CGST West Delhi officials arrest man for ITC fraud of around Rs. 9 crore

Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through goods less invoices of Rs 9 crore (approx). The operation involved floating of multiple...

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