Nonexistent Hisar agency confirmed provide of Rs 41.5 crore, claimed enter tax credit score value Rs 5.68 crore


Deepender Deswal
Tribune News Service

Hisar, July 31

A nonexistent agency in Hisar confirmed a provide of Rs 41.50 crore and claimed enter tax credit score value Rs 5.68 crore.

Police have registered a case of fraud in opposition to the proprietor, Govinda, on the criticism of Sanjeeta Kochar, Excise and Taxation Officer Hisar and began an investigation.

A police spokesperson stated that the accused, the proprietor of ‘Radhika Traders’ had claimed that he had a store in Namdev Dharamshala, Hisar and had a GSTIN.

The excise and taxation division discovered M/s Radhika Traders was registered beneath the GST Act, 2017 on September 14, 2018. The agency is a proprietorship and particulars of the proprietor proven on the GST portal stated that Govinda was a resident of Nihal Vihar, Nilothi, New Delhi.

The complainant acknowledged to the police that in verification, no agency was discovered on the acknowledged handle.

“Enquiry concerning the stated agency was carried out in a store in Namdev Dharamshala, Hisar which has been proven the enterprise place of the agency however no such agency was discovered on the handle”, the complainant added.

The FIR revealed that the agency has indicated a complete outward provide value Rs. 41,52,08,300 and transferred bogus Input Tax Credit (ITC) of Rs. 5,68,39,837 to varied corporations. The accused has indulged in evasion of tax by means of getting registration beneath the GST Act, 2017 utilizing a willful, unsuitable assertion and suppression of Athe ct.

The agency’s proprietor wrongfully availed and utilized enter tax credit score for disposal of output tax legal responsibility with out precise fee of tax, ensuing within the lack of income to the state exchequer, the criticism talked about.



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