Officers of Central Goods and Services Tax Commissionerate, Delhi East, unearthed a network of fictitious exporters availing & utilizing fake Input Tax Credit of Rs 134 cr under GST with intent to claim IGST refund fraudulently.
On basis of risk analysis, exporter Vibe Tradex was identified for scrutiny, who engaged in export of Pan Masala, chewing tobacco, FMCG goods. Network of fictitious exporters was being operated by one Chirag Goel, an MBA from University of Sunderland, UK: Finance Ministry
On analysis of e-Way Bills generated by 2 supplier firms/companies owned by his associate it was found that vehicles for which e-way Bill were generated for purported supply of goods were being used in distant cities & had never entered Delhi during said period: Finance Ministry
Fake Input Tax Credit availed & utilised is Rs 134 cr. Chirag Goel masterminded a deep-rooted conspiracy to defraud Govt. He has been remanded to judicial custody by Metropolitan Magistrate Patiala House Courts, Delhi, for 14 days. Further investigation underway: Finance Ministry
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