New Delhi, January 9, 2021: The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Sanjay Goel, resident of New Delhi on charges of illegally availing and passing on input tax credit (ITC) on goods-less invoices, Ministry of Finance (MoF) informed today.
It was revealed that Sanjay Goel, through his proprietorship concern M/s Redamancy world, showed purchase of lead ingots from non existent concerns using fraudulent invoices not backed by concomitant supply of goods, showing fake transporter records. In this way M/s Redamancy world had passed fraudulent ITC of Rs. 8,17,24,829 crore on invoices without accompanying goods to various end users.
The investigation spanned multiple locations in Delhi NCR area by DGGI Gurugram and based on documentary evidence and statements recorded, it was ascertained that Sanjay Goel was a key player in the network of fake companies and transporters.
Accordingly, Sanjay Goel was arrested on 08.01.2021 and produced before, Duty MM Delhi, who ordered judicial custody. A total fake ITC of more than Rs 8 crore has been thus passed/availed by the accused.
Further investigations in the matter are in progress.