Accused Subhash Chandra has been arrested against issuing fake invoices without actual supply to avail input tax credit. The zonal unit of Director General of GST Intelligence (DGGI) said that total value involved in the fake invoices issued by 11 firms is Rs. 669.23 Crore. It involved total ITC of Rs.33.50 Crore. Tyagi was arrested for committing offences under Section 132(1)(b),(c),(f) and (l) of the CGST Act, 2017, which are punishable under provisions of Section 132(1), (i) and (iv) read with Section 132 (5) of the CGST Act. The accused has been sent to judicial custody till January 22. “He was involved in creation of fake firms and issuing fake invoices without actual supply of goods, resulting in fraudulent availment of ITC on such invoices,” said an officer.
