TaxTMI 
TaxTMI 
DGGI (Hqrs.) registered a case for fraudulently claiming IGST refunds on export of goods
X X X X Extracts X X X X
X X X X Extracts X X X X
....GGI (Hqrs.) registered a case for fraudulently claiming IGST refunds on export of goods <br>GST<br>Dated:- 7-3-2020<br><BR>DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pvt Ltd ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....& others. Aforesaid companies have fraudulently claimed IGST refunds on export of goods to the tune of more than ₹ 61 Crores. It has been revealed that ITC has been fraudulently availed by M/s ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Aastha Apparels Pvt Ltd & others on the basis of invoices received from non-existent/non-functional firms/companies or from companies which have indulged in circular trading. The said firms/companies ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....also did not have commensurate purchases backwards. It has been further revealed that the supplier companies to these exporter companies are controlled & managed by few persons only and they are also ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....engaged in claiming of suspect IGST refunds. These companies have created a complex web of circular trading among themselves without commensurate payments or actual supplies of goods to pass on inelig....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ible ITC to the Exporters. Two directors of aforesaid exporter companies have been arrested on 07.03.2020 under Section 69(1) of CGST Act, 2017 for offences under provisions of Sections 132(1)(b) & 1....
X X X X Extracts X X X X
X X X X Extracts X X X X
....32(1)(c) of the CGST Act 2017. Role of suppliers and other persons associated with these Exporters is under investigation. Further investigations in the matter are in progress.<BR> News - Press relea....
X X X X Extracts X X X X
X X X X Extracts X X X X
....se - PIB....