India's daily COVID-19 cases at all-time of 1.45 lakh (See 'TOG News')Railways to run trains ‘as per demand' (See 'TOG News')CSIR adopts 295 Atal Tinkering Labs (See 'TOG News')Central Excise - As per Cenvat credit provisions, to allow Cenvat credit, the criteria is such as receipt of service, payment thereof made to the service provider along with service tax, use of service for business purpose - If such test is satisfied, it cannot be said that service was not received by claimant of Cenvat credit: CESTAT (See 'TOG Latest')VAT - Re-opening of assessment under the TN VAT Act is unsustainable where the assessee's objections thereto are not considered & non-speaking orders are passed: HC (See 'TOG Latest')I-T - If notice u/s 274 does not specify reason for proposed penalty then penalty levied is bad in law: ITAT (See 'TOG Latest')INTL - When non-resident agent has rendered all services outside India and payments were also received outside India, having no PE in India, then commission is not taxable in India: ITAT (See 'TOG Latest')TN Industrial Corridor gets USD 484 mnboost from ADB (See 'TOG News')PM tells States to check 'Covid fatigue' as cases surge (See 'TOG News')India's debt-to-GDP ratio at 90% due to COVID-19: IMF (See 'TOG News')Mumbai to get RoPax ferries on 4 routes, water taxis on 12 by Dec (See 'TOG News')Centre allows COVID-19 vaccination at eligible offices from Apr 11 (See 'TOG News')India emerging a leader in supercomputing (See 'TOG News')Centreasks employees aged 45 and above to get COVID-19 vaccine (See 'TOG News')I-T - Assessee engaged in developing infrastructural facility was entitled to benefits of deduction u/s 80IA(4): ITAT (See 'TOG Latest')Centre flags irregularities in Delhi's COVID-19 vaccination drive (See 'TOG News')PM Modi's ‘Pariksha Pe Charcha' on Apr 7 (See 'TOG News')Labour Reforms w.e.f. 1 st April 2021 * & Impact thereon (See 'THE INSIGHT')
Tax on Go

Gurugram GST officers arrest 2 for defrauding exchequer of over Rs 690Cr

By TOG News Service
Mar 10, 2021 , New Delhi

TOG NEWS SERVICE, NEW DELHI, MAR 10, 2021: OFFICERS of the Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit arrested two gang members of a fake invoicing syndicate who defrauded the exchequer of more than Rs. 690 crore.

Mr Vikas and Mr Manish, residents of Sirsa, Haryana, were arrested for issuing fake GST invoices in excess of Rs. 4,800 crore, said the Finance Ministry on Tuesday.

The accused had relocated to Nepal to evade capture but were nabbed by the tax officials after a tip off. They were found to be in possession of many incriminating documents and gadgets in the form of multiple laptops, smartphones, debit cards, PAN and Aadhar details of various people, and notary stamps.

"Based on evidence, hundreds of fake firms have been created on the basis of PAN and Aadhar cards of unknown persons whose data have been procured by a separate syndicate. The firms have been found to have created fake invoices in excess of Rs 4,814 crore," said the tax officials.

Officials claim the involvement of other people and companies cannot be ruled out as the scamsters were actively collaborating with other masterminds.

The case is connected to an earlier DGGI Gurugram arrest of Mr Kabir Kumar who was caught while fleeing at the airport and had been arrested for Input Tax Credit (ITC) fraud of Rs 527 crore.