In one of the cases, two accused were arrested on the ground that they were found actively involved in the racket of availing and utilizing fake/ fraudulent ITC under the name and style of a firm, by misusing the identity of a Rickshaw Driver. The accused had undertaken transactions in the firm with the sole intention of availing inadmissible credit and utilizing the same without any actual movement of goods/ services.
The total fraudulent ITC availed in the name of the said firm is Rs. 100.63 Crores and ITC amounting to Rs 75.36 Crores has been passed on to various non-existent/ fake/suspicious entities. The accused persons were handling the records and return filing of the said firm and were found to be in possession of other incriminating documents pertaining to the said firm. Both the persons had violated the provisions of Section 132 of CGST Act, 2017 and were accordingly arrested under Section 69 of the CGST Act, 2017, by the officers of Thane Rural CGST & C. Ex. Commissionerate, on 23rd March, 2022. Both the accused were produced before the Additional Chief Metropolitan Magistrate, Mumbai on 24th March, 2022 and both were remanded to judicial custody for 14 days.
In the second case, one person was arrested on 24thMarch, 2022 on the ground that the accused was found actively involved in availing fake/ fraudulent ITC passed on by various non-existent/bogus/fraudulent entities amounting to Rs. 7.55 Crores without actual movement of goods or services. The said amount of fraudulent/fake ITC availed is likely to increase during further investigation. The accused was produced before the Additional Chief Metropolitan Magistrate, Mumbai on 25th March, 2022 and was remanded to judicial custody for 14 days.
Further investigation in both the cases is in process.
CGST, Thane Rural Commissionerate PR/CP/PK