DGGI busts another fake invoice racket of Rs 115 crore
   Date :14-Feb-2020

DGGI _1  H x W:
Business Bureau :
On the basis of the specific information regarding issuance of fake invoices and availment of fraudulent Input Tax Credit (ITC), simultaneous searches were conducted by the officers of The Directorate General of GST intelligence (DGGI), Nagpur at the premises of a number of taxpayers at Ludhiana and Nagpur on February 12.
These searches revealed that the taxpayers based at Ludhiana and Nagpur were non-existent and all the supplies were made by them to M/s Raja Cement House, Plot No 15, Mangal Bazar Chowk, Bidgaon Road, Satyam Nagar, Nagpur (GSTIN: 27BTWPA9307AIZP), were merely on paper under fake invoices without corresponding supplies of goods. Preliminary investigations have revealed that M/s Raja Cement House, Nagpur had cumulatively received and issued fake invoices valued at over Rs 115 crore and had availed fraudulent Input Tax Credit of Rs 10.44 crore on these fake invoices.
On sustained interrogation, Raja Ashok Agrawal, proprietor of M/s Raja Cement House, Nagpur, admitted the fact of receiving and issuing fake invoices and availing fraudulent Input Tax Credit on these fake invoices. Raja Ashok Agrawal, proprietor of M/s Raja Cement House, Nagpur was arrested on February 13 and was presented before the honourable JFMC, Nagpur.