CBIC Chairman congratulates officers for detecting a big case not making timely payments to suppliers, thereby resulting in ITC reversal of Rs.260 crores in a single case.

CBIC Chairman, Vivek Johri vide his letter dated 20.03.2023 addressed the officers starting that - "Justice is the bedrock of all administration. It is the glue that holds us together and guides us towards a better future. Without effective justice, there can be no peace, no progress, and no prosperity."

He further included that officers of the Directorate General of GST Intelligence (DGGI) had detected a case of an entity not making timely payments to its suppliers while availing input credit on its inward supplies. The total credit involved was about Rs. 260 Crores. Subsequent to the detection the entire amount has now been reversed.

In another case, DGGI officers detected an entity not correctly discharging their GST liability on account of issuing invoices on ‘cross charges’ on net rather than on gross basis, thereby short paying Tax to the tune of more than Rs. 72 Crore. The entire Tax has since been recovered. Congratulations to the officers for their excellent work.

- Vivek Johri

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Input Tax Credit

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