Phone seller caught in phony invoice net ‘By Rakesh Chitkara’

    By Rakesh Chitkara, Advocate

    Sonu of SonuMonu Telecom sent to Tihar Jail in a case booked by Delhi North Commissionerate headed by Ms. Hemambika Priya, CC, tax evasion of Rs 125 crores involving cash transactions amounting to Rs 1040 crores in sale, purchase and export of mobile phones.

    Evidences show that whenever the company had to supply mobile phones to anybuyer with GST invoices, theywould procure good-less invoices from non-existing/bogus firms. This modus-operandi enabled them to take fraudulent ITC credit of Rs 5.75 crores use the same for selectively discharging their tax liability.Records shaowthat the company has paid a mere Rs 11 lacs of taxes in cash over two years of its existence. The Director of M/s SonuMonu Telecom Pvt. Ltd., Sh. Jitendra Garg alias Monu, was arrested on 20.02.2020 and has been sent to judicial custody till 25.02.2020.

    Further investigations in the said case are in progress.

The post Phone seller caught in phony invoice net ‘By Rakesh Chitkara’ appeared first on GST Station.



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