DGGI Gurugram arrests two for input tax credit fraud

Aug 25, 2021

New Delhi [India], August 25 : The Directorate General of GST Intelligence (DGGI) of Gurugram Zonal Unit (GZU) in Haryana on Monday arrested two more people in Rs 176 crores Input Tax Credit (ITC) fraud case, said the Ministry of Finance. As per the statement released by the ministry, DGGI had earlier busted a case wherein a total fake ITC of Rs 176 crores had been fraudulently passed on by Sanjay Goel and Deepak Sharma. The two had been arrested earlier by the DGGI. "On further investigation, the role of two more key persons, Manish Modi and Gaurav Agarwal has also been surfaced," read the statement. "Based on details revealed by further investigation, this office has arrested Manish Modi, Chartered Accountant and a resident of Pitam Pura, New Delhi, on charges of creation of running racket of the fake firm in order to fraudulently pass on fake ITC without actual supply of goods or services," it added. The ministry also said that Modi was managing fake firms through which he had fraudulently passed on fake ITC to the tune of Rs 36 crores and he was also found in possession of incriminating evidence indicating the presence of many such firms for which further investigation is going on. The DGGI also arrested Gaurav Agarwal on similar charges for involvement in the instant racket of fraud ITC. He had fraudulently passed on fake ITC amounting to Rs 15 crores (including GST and Cess). Modi and Agarwal were arrested on Monday and produced before the duty magistrate in Delhi who ordered judicial custody of the two for 14 days. Further investigations in the matter are in progress.

More News

Supreme Court of India (File Photo/ANI)

Air pollution: Supreme Court refuses to relax GRAP-IV measures, asks CAQM to consider relaxing norms for schools

Nov 25, 2024

The top court made it clear that it will not relax the GRAP-IV unless it is satisfied that there is a consistent downward trend of AQI.
Airports Authority of India Chairman Vipin Kumar inaugurating the Aviation Safety Awareness Week 2024 of AAI. (Photo: AAI)

Airports Authority of India to mark Aviation Safety Awareness week from Nov 25-29

Nov 25, 2024

The Airports Authority of India (AAI) will observe Aviation Safety Awareness Week from November 25 to 29, at all airports and Air Navigation Services (ANS) locations managed by the organization.
Uttarakhand Chief Minister Pushkar Singh Dhami. (File Photo/ANI)

PM Awas Yojana providing shelters to lakhs of homeless families: Uttarakhand CM Dhami

Nov 25, 2024

Stating that thousands of people have got pucca houses under the scheme in Uttarakhand, CM Dhami said the state government is also providing assistance along with the Centre.
NSUI DUSU President Rounak Khatri. (Photo/ @ronak_khatrii)

NSUI ends 7-year drought, wins DUSU president post

Nov 25, 2024

The National Students' Union of India (NSUI) on Monday made a strong comeback in the Delhi University Students' Union (DUSU) elections on Monday, clinching both the president and joint secretary...

Recent News

Virat Kohli with daughter Vamika, son Akaay (Photo/Instagram/@anushkasharma)

"Not our Akaay...": Virat Kohli's sister scotches speculation by fans after viral video

Nov 25, 2024
Airports Authority of India Chairman Vipin Kumar inaugurating the Aviation Safety Awareness Week 2024 of AAI. (Photo: AAI)

Airports Authority of India to mark Aviation Safety Awareness week from Nov 25-29

Nov 25, 2024
Uttarakhand Chief Minister Pushkar Singh Dhami. (File Photo/ANI)

PM Awas Yojana providing shelters to lakhs of homeless families: Uttarakhand CM Dhami

Nov 25, 2024
NSUI DUSU President Rounak Khatri. (Photo/ @ronak_khatrii)

NSUI ends 7-year drought, wins DUSU president post

Nov 25, 2024
Team India. (Photo- BCCI X)

"I only believe Jassi bhai": A look at BTS footage following India's win at Perth

Nov 25, 2024
DEV IT Wins Prestigious Contract with Bhavnagar Municipal Corporation

DEV IT Wins Prestigious Contract with Bhavnagar Municipal Corporation

Nov 25, 2024
Representative image

Lucknow bench dismisses petition, clears way for election in Milkipur

Nov 25, 2024

Recent Videos

image

‘Whether there’s CM face or not, people vote for PM Modi’: Kangana Ranaut on BJP’s Maharashtra win

Nov 25, 2024
image

“Adani, bribery case…” Rajya Sabha Chairman Dhankhar and LoP Kharge engage in a verbal spat

Nov 25, 2024
image

“Hooliganism by handful of people…” PM Modi in opening remarks ahead of Parliament Winter Session

Nov 25, 2024
image

Garima Vyas: संघर्ष को पार कर बनीं राष्ट्रीय चैंपियन

Nov 25, 2024
image

Vadodara’s Garima Vyas redefines resilience in para swimming

Nov 25, 2024
image

Tripura Chief Minister Manik Saha inaugurates blood donation drive in Agartala

Nov 24, 2024
image

Rajasthan CM Bhajanlal Sharma honours newly-elected MLAs after assembly by-elections

Nov 24, 2024
image

Islamabad locked down ahead of protests seeking release of Pakistan’s former PM Imran Khan

Nov 24, 2024
image

“Devendra Fadnavis should be CM…” BJP’s Navnit Rana bats for Maharashtra Dy CM as next CM face

Nov 24, 2024
image

Resilience and hope: MaitriBodh NGO’s one-day workshop aims to transform J&K’s youth and culture

Nov 24, 2024