NewzVille Desk
The Anti-Evasion Branch of CGST Delhi South Commissionerate has unearthed a large-scale fraudulently availed Input Tax Credit (ITC) racket involving a Naraina-based taxpayer engaged in trading of iron and steel items. The case involves fraudulent availment and passing on of ITC totaling ₹47.12 crore, based on bogus invoices against a taxable value of approximately ₹261 crore, without any actual supply of goods.
Acting on specific intelligence developed by the Anti-Evasion wing, an investigation was initiated into a suspicious supply chain. The inquiry revealed that the firm had fraudulently availed and passed on ITC without any actual movement of goods.
Further investigation established that the firm had availed ITC from cancelled and suspended GSTINs, in gross violation of the provisions of the CGST Act 2017.
The firm was found to be non-functional at its declared place of business during a search conducted. The proprietor was arrested on 01 August 2025.
