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    Directorate General of GST Intelligence books 3 firms for tax evasion of over Rs 600 crore

    Published on July 28, 2020

    Directorate General of GST Intelligence, DGGI has booked three firms for tax evasion of over 600 crore rupees. An official statement said, a case was booked against M/s. Fortune Graphics Limited, M/s. Reema Polychem Private Limited and M/s. Ganpati Enterprises, who were found involved in issuance of invoices without any actual supply of goods.

    It said, the case was detected and developed by the officers on further data analytics out of a case booked against one of the exporters, M/s Anannya Exim, covered in the all India joint operation, launched by DGGI and Directorate of Revenue Intelligence in September last year against various exporters for fraudulently claiming IGST refund on the basis of ineligible input tax credit.

    The statement said, during the investigations conducted by the DGGI Headquarters, it has emerged that the three companies have issued invoices worth more than 4,100 crore rupees wherein tax amount of more than 600 crore rupees has been fraudulently passed on as ITC credit to different entities.

    In this regard, three persons have been arrested by DGGI for committing offences under GST Act and remanded for judicial custody by the Magistrate. 

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