TaxTMI 
TaxTMI 
2020 (1) TMI 788
X X X X Extracts X X X X
X X X X Extracts X X X X
....m namely M/s Oblique Enterprises was required to be verified. Data from A.I.O. and Eway bill(s) were retrieved and it was found that Input and Output of goods were not in correlation and it appeared that the party was availing input tax credit (I.T.C.) and passing on such credit without actual receipt of goods and without actual supply of goods. M/s Royal Sales India availed I.T.C. mainly on invoices qua soft drinks, almonds, MS scrap etc., whereas it has issued invoices for sale of plastic dana, news print, paper board etc. It was further seen that an excess in put tax credit amounting to Rs. 1.37 Crores has been passed on. In view of the same, 13 premises of main suppliers and main recipients engaged with input tax credit of M/s Royale Sa....
X X X X Extracts X X X X
X X X X Extracts X X X X
....titioner but he has failed to join and co-operate in the investigation. 4. All these firms have resorted to sale or cause effect of sale of goods, by issuing goods-less invoices and on collection of the payment by RTGS/NEFT/Cheque, return the cash back to same person as per agreed terms of facilitation/commission etc. and this was done in order to avail input tax credit for offsetting any likely tax liability etc. 5. It is further averred that the petitioner was summoned repeatedly by the department but he has not appeared even once on one pretext or the other. It is averred that the petitioner is involved in huge tax evasion and illegal utilization of input tax credit under the GST laws. It is further averred that the investigation is at....