GUWAHATI: The GST Intelligence and Enforcement Unit, Assam, has been conducting an investigation at M/S Bhagya Traders, a government works contract firm based in Dispur, since October 29, over the suspected fraudulent availment of Input Tax Credit (ITC) worth ₹5.34 crore.
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Preliminary findings indicate that the firm availed ITC through transactions involving 20 suspected fake taxpayers. The firm is registered in the name of Bandita Kalita, while her husband, Deben Kalita, reportedly manages its business operations.
During the investigation, officials reportedly found that Bhagya Traders had availed ITC from Trishna Barman and Hrishikesh Kalita, who were earlier arrested by the GST Department in connection with a fake ITC scam.
The firm is suspected of having availed ITC worth ₹5.34 crore through these fraudulent transactions and using the credit to discharge its tax liabilities.
M/S Bhagya Traders executes government works contracts for various departments, including the Railways, Public Works Department (PWD), Water Resources Department and Jal Jeevan Mission (JJM).
The department has summoned proprietor Bandita Kalita to appear before the investigating officials in connection with the case.
Preliminary investigation has also indicated the involvement of Chartered Accountant Akash Kalyani in the suspected fake ITC racket.
Further investigation is ongoing.
