A team of officers of Anti-Evasion under CGST, Navi Mumbai conducted an inquiry against the proprietor of M/s. Navnit Steels (GSTIN: 27AEXPD3871K1ZV) on Wednesday (February 2, 2022). The firm has engaged in availing and utilizing fraudulent Input Tax Credit (ITC) on the bogus invoices of Rs 60 Crore, thereby defrauding the government exchequer.

The investigation revealed that the taxpayer has availed and passed on fake ITC from various non-existing/bogus firms. The accused have been arrested under Section 69 (1) of the Central Goods and Services Act, 2017 for the committal of offenses under Section 132 (1) (b) &(c) of the said Act and have been sent on judicial custody for 14 days.

As a part of this anti-evasion drive, Navi Mumbai Commissionerate has detected tax evasion of Rs 425 Crore, recovered Rs. 20 crores and arrested 11 persons.

The CGST department is going to intensify the drive against the fraudsters and tax evaders who are causing unfair competition with honest taxpayers and defrauding the government’s exchequer of its rightful revenue in the coming days and months.