DGGI Gurugram arrests one person for fraudulently availing ITC and evading GST of Rs 52.04 crore

The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI), has arrested one person under the provisions of the GST Act on charges of availment of Input Tax Credit on the strength of goods-less invoices.

An intelligence was developed by the officers of DGGI Gurugram Zonal Unit wherein it was gathered that M/s AKS Electrical and Elecronics Ltd. located at S-1 & S-15, Bulandshahar Road, Industrial Area, Ghaziabad, Uttar Pradesh, was engaged in availment & issuance of fake/ bogus ITC without the underlying supply of goods. It was further observed that they had made huge purchases in a particular year from M/s Abhishek Industries against whom an investigation with regard to availment of ineligible ITC from various non-existent entities has already been undertaken by this office.

Based on the verifications, evidences and statements recorded, it appeared that M/s AKS Electrical and Electronics Ltd., Ghaziabad was involved in availment of inadmissible Input Tax Credit on the strength of goods-less invoices received from various including firms M/s Abhishek Industries without actual supply of goods. The quantum of such inadmissible ITC prima facie availed by M/s AKS Electrical and Electronics Ltd. turns out to be of more than Rs 52 crore.

Director of M/s AKS Electrical and Electronics Ltd. was arrested on 06.07.2022 for which a judicial remand of 14 days was granted.