Central GST Delhi West Commissionerate arrested two Rohini based businessmen on August 01, 2018 in a case of fraudulent issuance of Input Tax Credit invoices without actual supply of goods involving evasion of approximately Rs.201 crores relating to plastic granules industry.
Searches were conducted at several places during which various incriminating documents and evidences were found. During investigation it was revealed that the businessmen had floated multiple entities for issuing such fake invoices.
Both of them were arrested u/s 69(1) of the CGST Act, 2017 and produced before the Hon’ble Metropolitan Magistrate, Patiala House, New Delhi
Further investigations are underway and the quantum of evasion is likely to go up. Officers are not ruling out the possibility of existence of several other fake firms as the investigation moves ahead.