MBA graduate from UK part of Rs 134 crore GST fraud racket, nabbed

NEW DELHI, Oct 13:  The Central Goods and Services Tax (CGST) Commissionerate in Delhi East has busted a racket of fictitious exporters claiming they availed and utilised fake Input Tax Credit (ITC) of Rs 134 crore.


Ministry of Finance in a press note said that the network of fictitious exporters was being operated by Chirag Goel, an MBA from University of Sunderland, UK.


“On an extensive analysis of the e-way bills generated by two supplier firms/companies owned by his associate, who is at large, it was found that the vehicles for which the e-way bill were generated for purported supply of goods were being used in distant cities namely Gujarat, Maharashtra, Madhya Pradesh and had never entered Delhi during the said period,” the Finance Ministry said.


As per the statement, Chirag Goel masterminded a deep-rooted conspiracy to defraud the government and committed offences specified under Section 132(1)(c) of the CGST Act, 2017 which are cognizable and non-bailable.


“He has been remanded to judicial custody by the Metropolitan Magistrate Patiala House Courts, New Delhi, for a period 14 days till 26.10.2021.  Further investigation in the case is under progress,” it said. (UNI)