6 months ago
2
The Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, has detected a fake Input Tax Credit (ITC) network, unearthing irregular ITC of ₹27.07 crore, and has arrested the cardinal accused.
The probe truthful acold has quantified full fraudulent ITC availed astatine ₹27.07 crore and ITC passed connected astatine ₹15.30 crore. On the ground of worldly gathered during investigations, including statements recorded, Mallikarjuna Manoj Kumar was identified arsenic the controller/operator of the said network. He admitted that transactions were carried arsenic per his directions, and that the entities functioned solely for passing connected ITC, without existent concern operations oregon existent supply, said Swethaa Suresh, Deputy Director, DGGI, Vizag.
The accused has been booked nether assorted sections. This marks the 4th apprehension made by the DGGI, Visakhapatnam Zonal Unit, successful the existent fiscal year, underscoring its sustained and focussed enforcement against GST evasion and fake ITC frauds.
