ITC”
4
PART A
explaining the allegedly illegal claim of ITC made during 2017-18 and 2018-19.
By its letter ... dated 17 December 2018, the appellant contended that it had validly
claimed ITC as it fulfilled the conditions under Section 16 and other
crores without actual receipt
of goods;
xiv) that one company availed ITC to the tune of
Rs.24.85 crores without actual receipt ... Bars to another company, which
created documents to show that all of them were
resold by that company to a third company on the
very
that around Rs.20
lakhs odd amount has been wrongfully availed as ITC
and the balance in the said electronic credit ledger ... that around Rs.20
lakhs odd amount has been wrongfully availed as ITC
and the balance in the said electronic credit ledger
being so, said petitioner No. 02 company is eligible to avail Input
Tax Credits (ITC) of the supplies received by them in accordance ... that it is
mentioned therein that all the aforesaid six companies had passed on ITC
to various buyers. Various sales and purchase invoices
writ applicant that he came to know
about such blocking of the ITC through E-mail and SMS on
28.07.2021. Upon receipt ... with the GST portal
wherein it is was displayed that the ITC had been blocked by
the respondent no.3 without assigning
done on the basic of
ample evidence that the company h ad fraudulently availed ITC on
the basis of fake input invoices ... which shows the intent
of the company to hide its operations. Also, the company has not
maintained any records of any transactions undertaken during
deprived from his valuable right of ITC. The denial of ITC is violative of
Article 19(1)(g) and Article ... instant
investigation against the petitioner as well as blocking of its
ITC under Rule 86A of CGST Rules, 2017. As per this
intelligence
worth ` 158 crores involving ` 13.39 crores of tax. Firms
had availed fake ITC of ` 21.60 crores and claimed refund of ` 5.02
crores ... purchases and further billing
was done to export units for utilizing the ITC. These Firms had
common partners i.e. Rakesh Kumar
customers. Except to the extent that the printing of cigarette slides for ITC was to be done by the appellants to the specifications ... printing details laid down, M/s. ITC, with a right of rejection in the ITC for substandard material, M/s. ITC
entered into which establishes that the appellants are functioning independently of ITC, the relationship between the two being only of raw material supplier ... principal. Except to the extent that the printing of cigarette slides for ITC was to be done by the appellants to the specifications
