GST intelligent wing hapsi man for taking Rs 5.06 crore ITC fake

New Delhi: General Directorate of the GST (DGGI), Gurugram Zonal Unit arrested a man for allegedly taking a personal income tax (ITC) in the amount of 5.06 crowns falsely.
The arrested was identified as Ajit Jindal, owner of M / s. Shree Balaji Enterprises in Saraswati Vihar in the northwest, Delhi.
The company cheated the ITC in the amount of 5.06 crowns, which includes a factual value of Rs 28.11 crore on the basis of invoices issued by false companies, according to a statement from the financial department.
The company used the scam that ITC launched to fend off its GST account in relation to outsourcing, with a hidden motive to cheat the state treasury, the statement added.
The Accused committed acts according to the provisions of Article 132 (1) (c) of the CGST Law, 2017; which are criminal offenses that can be recognized and do not fall under the bail under Article 132 (5) CGST Acta, 2017, punishable under Article 132 (1) (i) of the CGST Act, 2017.
The Accused was brought before the Chief Judge, Gurugram. He was sent to 14 days of court detention after the court refused his bail. Further investigations in this case are ongoing, the statement added.

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