Monday, September 20, 2021
Farmers Debt Relief

77 shaheed soliders

516 sewa kendras

9300 cr Investment

helpline portal

jallianwala bagh


Markfed Sept to Nov

Innocent Admission

DGGI books Aastha Apparels, others for GST fraud

- Advertisement -

New Delhi, March 7, 2020-

In yet another anti evasion action, Directorate General of GST Intelligence (DGGI) has booked Aastha Apparels and other firms for fraudulently claiming IGST refunds on export of goods to the tune of over Rs 61 crore.

The companies have been found to have availed the refunds on the basis of invoices received from shell companies or firms engaged in circular trading.

During the investigation, it was revealed that supplier companies to these export firms were controlled and managed by few persons only and they were also 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 ineligible ITC (input tax credit) to the exporters,” DGGI said in a statement.

The anti GST evasion authority has arrested two directors of the apparel export firms under section 69(1) of CGST Act, 2017 for offences under provisions of sections 133(1)(b) and 132(1)(c) of the CGST Act.

“Role of suppliers and other persons associated with these exporters is under investigation,” DGGI said.

The GST authorities have put heat on fraudsters in recent months to contain tax evasion and augment revenue.

Data analytics are being extensively used to nab firms engaging in fraudulently claiming refunds. The loopholes in the law and rules have also been gradually plugged to prevent tax evasion.  (Agency)

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected






Joe Biden

Joe Biden’s QUAD summit could yield up to $100bn in military sales – by Robinder Sachdev

US President Joe Biden will be hosting the QUAD countries' heads of governments summit this coming week, in Washington D.C. – comprising of the...
Taliban captures Kandahar

Finally, the Taliban are on the receiving end – by Amjad Ayub Mirza

London, Sep 17, 2021- As missiles came raining down on Kabul during the early afternoon of September 16, it sent a disturbing message across...
Rahul Gandhi Congress Neon

RaGa’s Kashmiri Pandit solidarity may be an assertion for electoral gain – By Deepika Bhan

Thirty-one years after the exodus of Kashmiri Pandits from Kashmir, the Nehru-Gandhi family has for the first time unambiguously spoken up for the community....


Health & Fitness


Is gallbladder gangrene a new post-Covid risk?

New Delhi, Sep 17, 2021- Doctors at Sir Ganga Ram hospital (SGRH) here on Friday reported five cases of gallbladder gangrene among people two months after they recovered from Covid-19 infections. The gallbladder is a small, pear-shaped organ on the right side of the abdomen, beneath the liver. Its function is to store bile needed for the digestion of fats...

Gadgets & Tech

error: Content is protected !!