Ahmedabad: The Directorate General of GST Intelligence (DGGI) has uncovered a fake Input Tax Credit (ITC) scam worth over Rs 63 crore and arrested a Delhi-based company director. Bhavesh Sahni, director of Yoke Payment India Pvt Ltd, was arrested on April 2 for allegedly issuing fake invoices for services that were never provided.

Officials said the company passed on fraudulent ITC of Rs 63.21 crore. The investigation found that the total transactions involved were worth Rs 351.19 crore. Under GST rules, tax credit can be claimed only when actual goods or services are supplied, but in this case, fake invoices were used.

The probe revealed that the firm issued bogus bills to several companies, helping them reduce their tax payments. At the same time, it carried out real services like mobile recharges and bill payments but did not issue proper tax invoices for them.

Sources said e-top-up transactions worth over Rs 728 crore, involving tax of more than Rs 111 crore, were routed through the company, and a large part is suspected to have been hidden.

A case has been registered under Section 132(1)(b) of the CGST Act, which is a non-bailable offence. If found guilty, the accused can face up to five years in jail. DeshGujarat