![ITC on inward supplies received from non-existent and bogus firm is fraud ITC against the department and the public exchequer](https://vjmglobal.com/wp-content/uploads/2024/07/nancy-25.jpeg)
![CA. Sachin Jindal](https://vjmglobal.com/wp-content/uploads/2020/01/Sachin-Jindal-scaled-150x150.jpg)
ITC On Inward Supplies Received From Non-existent And Bogus Firm is Fraud ITC Against the Department and the Public Excheque
Summary: The Petitioner was engaged in manufacturing and sale of Aluminum Casting and Machinery Parts. The petitioner claimed ITC on inward supplies received from the supplier. During the conduct of the survey at the location of the supplier, it was found that the suppliers were non-existent and bogus firms. Therefore, corresponding ITC was disallowed to the petitioner and corresponding demand was raised alongwith interest and Penalty. The petitioner produced all the documents pertaining to inward supplies such as Invoice, GRs, e-waybill, Ledger, Bank statement etc. The petitioner contended that he had actually received the inward supplies. The supplier firms were