DGGI arrests company director for fraudulently availing input tax credit | UPSC CURRENT AFFAIRS

DGGI arrests company director for fraudulently availing input tax credit


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  • Officials of the Directorate General of GST Intelligence’s (DGGI) Nagpur zonal unit have arrested a company’s director for fraudulent availment of an input tax credit of ₹ 49.19 crore.
  • Directorate General of GST Intelligence (DGGI)
  • It is an apex intelligence organization functioning under the Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Union Ministry of Finance.
  • It is entrusted with the task of collection, collation and dissemination of intelligence relating to evasion of Goods and Services Tax (GST) and duties of Central Excise and Service Tax on an all India basis.
  • It develops intelligence, especially in new areas of tax evasion through its intelligence network across the country and disseminates such information, by issuing Modus Operandi Circulars and Alert Circulars to sensitize the field formations about the latest trends in duty evasion.
  • It comprises of 04 offices of Director General (East, West North and South), 26 Zonal Units and 40 Regional Units.
  • DGGI exchanges information with various agencies for combating indirect tax evasion and frauds which includes Income Tax Department, Financial Intelligence Unit (FIU), Central Economic Intelligence Bureau (CEIB), Serious Fraud Investigation Office (SFIO), NATGRID (National Intelligence Grid).

 


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