Quick Summary
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Shei Surender Kumar Gupta resident of New Delhi on charges of availing and passing on fake input tax credit by way of receipt/issuance of invoices without any actual supply of goods or services.
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FAQ :
Surender Kumar Gupta, a resident of New Delhi and director of M/s. Mystic Exim Pvt. Ltd., M/s. Landmark Traders Pvt. Ltd., and Controller of M/s. JKM Impex, has been arrested.
He is accused of availing and passing on fake Input Tax Credit (ITC) by issuing invoices without actual supply of goods or services, using forged documents and fictitious entities.
The total fake ITC availed by the accused's entities is estimated to be more than Rs 69 crore.
The total value of goods involved in the transactions is believed to be more than Rs 600 crore.
The fake ITC was passed on to multiple exporter firms who allegedly encashed it through fraudulent IGST refunds.
Surender Kumar Gupta has been arrested and ordered into judicial custody. Further investigations into the matter are currently in progress.
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