9911796707
TMI BlogDGGI (Hqrs.) registered a case for fraudulently claiming IGST refunds on export of goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... DGGI (Hqrs.) registered a case for fraudulently claiming IGST refunds on export of goods X X X X Extracts X X X X X X X X Extracts X X X X ..... & others. Aforesaid companies have fraudulently claimed IGST refunds on export of goods to the tune of more than ₹ 61 Crores. It has been revealed that ITC has been fraudulently availed by M/s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Aastha Apparels Pvt Ltd & others on the basis of invoices received from non-existent/non-functional firms/companies or from companies which have indulged in circular trading. The said firms/companies ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... also did not have commensurate purchases backwards. It has been further revealed that the supplier companies to these exporter companies are controlled & managed by few persons only and they are also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... engaged in claiming of suspect IGST refunds. These companies have created a complex web of circular trading among themselves without commensurate payments or actual supplies of goods to pass on ineli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gible ITC to the Exporters. Two directors of aforesaid exporter companies have been arrested on 07.03.2020 under Section 69(1) of CGST Act, 2017 for offences under provisions of Sections 132(1)(b) & ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 132(1)(c) of the CGST Act 2017. Role of suppliers and other persons associated with these Exporters is under investigation.
Further investigations in the matter are in progress. X X X X Extracts X X X X X X X X Extracts X X X X ..... ase - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
