The network was being operated by Vishal, a lawyer who was practising in Delhi’s Karkardooma Court. The officers of CGST Commissionerate, Delhi-East unearthed the fraud.
The Advocate started this GST fraud by creating a fictitious firm in his own name, which he got registered at his residence. Subsequently, he arranged various KYCs of different persons to create multiple fictitious firms having no business activity and created for the passing on fake Input Tax Credit.
Multiple KYCs and cheques were resumed during the search of his residence. He used to pass on fake Input Tax Credit to his clients in exchange for a commission of 2 percent of the invoice amount. The total fake Input Tax Credit passed on quantified so far is Rs 50.03 crore, which is expected to increase as the investigation progresses.
The accused have been remanded to 14-day judicial custody till March 13.