The Drug Controller General of India (DCGI) has registered cases against three firms on the charge of tax evasion on Monday.
A case was booked against Fortune Graphics Limited, Reema Polychem Pvt. Ltd and Ganpati Enterprises, who were found involved in the issuance of invoices without supplying goods.
The case was detected by the officers on further data analytics out of a case booked against one of the exporters, Anannya Exim, covered in the all-India joint operation launched by DGGI-DRI in September 2019, against various exporters for fraudulently claiming GST refund on the strength of ineligible ITC.
The investigations conducted by the DGGI found that the three companies had issued invoices worth more than Rs.4,100 crore wherein tax amount of more than Rs.600 crore had been fraudulently passed on as ITC credit to different entities.
Three persons were arrested in this connection. Cases were filed against them under Sections 132(1) (b) and 132(1) (c) of the CGST Act, 2017. They were remanded in judicial custody.