New Delhi [India], April 11 (ANI): The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit, has arrested a person “found to be involved in availing and passing fraudulent Input Tax Credit (ITC) of Rs 16.74 crore” without receipt of goods from different fake, suspended and non-existent firms, the Union Finance Ministry said on Monday.
The arrested person controls a series of entities as proprietor or director. The entities run by the arrested person are M/s Umang Overseas, M/s Ulagarsan Impex Put Ltd and M/s Umang Impex Private Limited.
A search was conducted at various premises on April 4, 2022. “During the search, many pen drives, rubber stamps of different firms, documents/ records were resumed and the same are being investigated for estimation of duty evasion,” the Finance Ministry release said.
The key person involved in availing and passing fraudulent ITC was arrested on April 5, 2022 and produced before the Chief Metropolitan Magistrate, Patiala House Court on the same day. Subsequently, the accused person was sent to judicial custody for 14 days.
“Further investigation in the matter is under progress,” the release said. (ANI)
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