Haryana GST authorities have arrested two persons for generating fake invoices and fraudulently availing input tax credit totalling ₹127 crore.
The arrests were made by the Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana.
Gulshan Dhingra and Sanjay Dhingra, both residents of Delhi, were arrested on October 7 under various sections of the Central Goods and Services Tax Act (CGST), 2017 for “causing loss to exchequer by evasion of GST”, the finance ministry said in a statement on Wednesday.
The accused were sent to judicial custody till October 19 by a Gurugram court, it added.
The two individuals were found “involved in fake invoices racket having taxable value of ₹931 crore and fraudulently passing/ availing Input Tax Credit (ITC) amounting to ₹127 crore through a complex web chain of various entities”.
courtesy by : livemint