CGST officials bust network of 23 firms for claiming input tax credit of Rs. 91 Cr
CGST officials have unearthed network of 23 firms for claiming input tax credit of 91 crore rupees. Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment and passing on of inadmissible input tax credit (ITC) through goods less invoices of 91 crore approximately.
The modus operandi involved floating of multiple firms with the intent to avail/utilize and passing on of inadmissible credit.
The firms involved in this network are M/s Girdhar Enterprises, M/s Arun Sales, M/s Akshay Traders, M/s Shree Padmavati Enterprises and 19 others.