CGST Delhi South Commissionerate busts a racket that fraudulently availed Input Tax Credit (ITC) worth ₹47.12 crore in iron & steel sector; one arrested

The CGST Delhi South Commissionerate busted a large-scale Input Tax Credit (ITC) fraud amounting to ₹47.12 crore in the iron & steel sector.

The racket involved bogus invoices, no actual supply of goods, and using cancelled GSTINs, leading to an arrest under various sections of the CGST Act, 2017. The department uses data analytics to combat such revenue leakage.