A person doing MBA from UK committed tax fraud of Rs 134 crore, network of fake exporters busted
Officials of the Central Goods and Services Tax (CGST) Commissionerate, East Delhi, by conducting a detailed analysis have unearthed a network of fraudulent exporters who fraudulently claim IGST refund under the Goods and Services Tax (GST) of Rs.134 crore. were availing and using bogus Input Tax Credit (ITC) of Rs. The risky exporter Vibe Tradex was identified during the investigation. This unit deals in export of Pan Masala, Tobacco, FMCG Goods etc.
The network of fake exporters was run by a man named Chirag Goyal, who is an MBA from the University of Sanderland, UK. On a comprehensive analysis of the e-way bills generated by two supplier firms/companies owned by his associates, it was found that the vehicles for which the e-way bill was generated for supply of goods were used in Gujarat, Maharashtra, Madhya Pradesh and Gujarat. was being carried out in distant cities like the state and had never entered Delhi during the said period. Under this, input tax credit was availed and used in a fraudulent manner, leading to a tax fraud of Rs 134 crore.
Chirag Goyal hatched a deep conspiracy to defraud the government and committed the offenses specified under section 132(1)(c) of the CGST Act, 2017 which are non-bailable. He has been sent to judicial custody by the Metropolitan Magistrate Patiala House Court, New Delhi for a period of 14 days till 26 October. Further investigation is on in the matter.
