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GST officers arrest one for Rs 94 cr ITC fraud
Investigation revealed that the multi-layered network was being operated by one Krishan Kumar, sources said.
GST officers have arrested a person for creating fake firms and fraudulently passing on input tax credit (ITC) worth Rs 94 crore, the Finance Ministry said on Friday.
Investigation revealed that the multi-layered network was being operated by one Krishan Kumar, it said.
"During the search of his residence, incriminating documents like ATM cards, signed cheques, bank documents, stamps of these dummy firms including 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 said.
In 2020-21, CGST Delhi Zone has made total 40 arrests in various cases involving GST evasion amounting to Rs 5,310 crore, it said.