Tuesday, 29 November 2022

 

 

LATEST NEWS AAP will form government with huge majority in Gujarat: Bhagwant Mann Unique Program ‘NRI Punjabiyan Nal Milni’ To Be Held At Jalandhar, SAS Nagar, Ludhiana, Moga And Amritsar: Kuldeep Singh Dhaliwal Punjab Government Is Determined To Promote Sports : Kultar Singh Sandhwan BIG Move By Bhagwant Mann Government, Villagers Can Now Set Up Bio Gas Plant For Free Under Mgnrega Scheme Senior National Artistic Gymnastics (M/W) Championship concluded at LPU Campus Vishesh Sarangal orders revenue officials to dispose off mutation and demarcation cases on priority basis Komal Mittal assumes charge as Hoshiarpur DC Decisive War Against Drugs: 301 Drug Smugglers Held With 4.18kg Heroin, 6.46kg Opium, 37kg Ganja In A Week International Driving Training Institute to come up in Doraha Div Com Ramesh Kumar chairs Board meeting of Shri Shiv Khori Shrine Board DC Doda inaugurates District Level Exhibition under INSPIRE Awards MANAK in Doda MTMP 2.0 : Jan Abhiyaan ongoing in all the 3 MCs in Doda DC Doda Vishesh Paul Mahajan reviews Health care scenario in the District DC Kathua Rahul Pandey reviews progress of works under BADP, ABDP & SSY NCC Cadets of GCW Udhampur attends Thal Sainik Camp DC Ramban Mussarat Islam inspects Fair Price Shops in the district JD Agriculture A.S. Reen discusses enhancement in Production & Procurement of Millets Director Agriculture Kashmir Chowdhary Mohammed Iqbal visits S.M Farm Allowpora, Pulwama KVK-Anantnag holds training programme on Soil Health Management Awareness under SVEEP conducted at Hajin ADC Kupwara Ghulam Nabi Bhat chairs DLAMC meeting

 

CGST officials bust syndicate of firms involved in tax evasion of Rs 85 cr

GST, CGST, Delhi East Commissionerate, Goods and Services Tax, Input Tax Credit

Web Admin

Web Admin

5 Dariya News

New Delhi , 12 Mar 2022

CGST Delhi East Commissionerate officials have busted a syndicate of seven firms which were engaged in GST evasion of more than Rs 85 crore.Initially, five firms were detected which were availing and utilising fake Input Tax Credit (ITC) of Goods and Services Tax (GST)."During investigation it was learnt that the syndicate was using two more entities namely, Shree Mahaveer International and Gravity Enterprises," said an official on Friday.A communication was also received from GST, Gujarat that a car registered in the name of one of the syndicate firm Blue Water Expotrade Private Limited was intercepted by them in Ahmedabad."FastTags of trucks were affixed on the car to create false movement of export goods from Delhi to Mundra port. The E-way bills in respect of the fake supply were issued by Shree Mahaveer International," said the official.

On March 10, the GST officials conducted search at the residential premises of Rakesh Kumar Jain, proprietor in Shree Mahaveer International and Partner in Gravity Enterprises.Jain, in his voluntary statement, admitted that bogus invoices were received and issued from these syndicate firms without actual supply of goods.It was evident that Jain was using multiple firms to avail and pass on fake ITC on bogus invoices and E-Way Bills without actual supply of goods. The quantum of GST evaded by him is more than Rs 85 crore."Therefore, he was arrested on March 10 for committing offences specified under Section 132(1)(b)&(c) of the CGST Act, 2017 and produced before Metropolitan Magistrate Patiala House Courts, New Delhi," he said.Investigation, so far, has unearthed fake ITC racket by seven firms namely Vibe Tradex, Prime Mark Expotrade Private Limited, Blue Water Expotrade India Private Limited, Transglobe Tradex Private Limited, Tirupati Overseas, Shree Mahaveer International and Gravity Enterprises.Further investigation in the case is under progress.

 

Tags: GST , CGST , Delhi East Commissionerate , Goods and Services Tax , Input Tax Credit

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD