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DGGI arrests company director for fraudulently availing ₹ 49.2-crore input tax credit

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Pradeep Gurumurthy has been despatched to judicial custody.

Officials of the Directorate General of GST Intelligence’s (DGGI) Nagpur zonal unit have arrested a company’s director for fraudulent availment of an input tax credit of ₹ 49.19 crore.

In a press release, DGGI Additional Director (Nagpur Zonal Unit) Pradeep Gurumurthy stated that as a part of the continuing drive in opposition to faux invoices and non-existent entities, an info was obtained that an entity had obtained a GSTIN at Nagpur solely on paper, and transactions price a whole bunch of crores had been being carried out.

The entity supplies work contract providers at numerous areas within the nation.

He added {that a} collection of searches had been carried out at totally different areas, which revealed that the GSTIN had no bodily presence at Nagpur.

Apparently, faux paperwork with solid signatures had been uploaded on behalf of this entity to acquire GST registration and to be able to conceal the non-existent nature of this entity, Mr. Gurumurthy stated.

“The director of this non-existent GSTIN was traced in Raipur (Chhattisgarh) and was confronted with the evidences unearthed and was arrested at Nagpur under Section 69 of the CGST Act, 2017,” he stated.

The courtroom has rejected bail, and he has been despatched to judicial custody until December 8, he added.

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