Issuer of bogus invoices arrests
The Directorate General of GST Intelligence Hqrs. (DGGI Hqrs.) has arrested one person, namely, Anupam Singla son of Krishan Kumar Singla, permanent resident of Sirsa, Haryana, who had created about 90 fake firms for the purpose of issuing bogus invoices without supply of goods thereon. During the search conducted at the Delhi residence/offices of Anupam Singla, DGGI Hqrs. has recovered 110 debit/credit cards belonging to different persons.
Blank signed cheque books/ blank cheque books pertaining to 173 different bank accounts; blank bilty books belonging to various transporters; identity proofs of different persons; number of mobile SIM cards; and other incriminating documents. The firms opened by Anupam Singla issued invoices worth Rs. 7,672 Crore, including the circularly traded value, with a GST component of Rs. 660 Crore.
The said firms have passed on fraudulent ITC to some of the well established Traders who have availed of the same to discharge their GST liability against their outward supplies, with an ulterior motive to defraud the Government Exchequer.
The CMM has remanded Anupam Singla to judicial custody of 14 days. During the investigations conducted so far into the fake billing racket in the cotton industry, the DGGI Hqrs. has recovered an amount of Rs.32.60 Crore towards the GST evaded. Further investigations in the matter are in progress.