On 3rd March, 2020, the Directorate General of GST Intelligence ( DGGI ) Headquarters had booked against M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited & M/s Ganpati Enterprises case against 3 Firms for Issuance of Fake Invoices without Actual Supply of Goods worth Rs 4,198 cr. I\the case has been booked on the basis of a further data analytics out of a case booked against one of the exporters, namely, M/s Anannya Exim, which was covered in the all India operation launched by DGGI-DRI on 11.09.2019, against various exporters for fraudulently claimed IGST refund on the strength of ineligible ITC. It has been revealed that M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited & M/s Ganpati Enterprises have issued invoices worth more than Rs 4,198 Crores wherein amount of more than Rs 660 Crores has been fraudulently passed on as ITC. In this case, one of the directors of M/s Reema Polychem Private Limited has been arrested on 04.03.2020 under Section 69(1) of CGST Act, 2017 for offenses under the provisions of Sections 132(1)(b) and 132(1)(c) of the CGST Act, 2017 while investigation against other directors of these three firms is still going on.
https://www.taxscan.in/gst-evasion-dggi-hq-books-case-3-firms-issuance-fake-invoices/51643/
