Panchkula Court Denies Bail to Kalka Man in ₹19-Crore GST ITC Fraud Case
- Alex Draco
- Aug 19
- 2 min read
The Panchkula District Court has denied bail to Aniket Verma (26), a resident of Kalka, accused of causing a loss of ₹19.02 crore to the government exchequer through fraudulent Input Tax Credit (ITC) claims.
Bail Plea Rejected
The order was passed by Additional Sessions Judge Neeru Kamboj, who dismissed Verma’s bail application after reviewing the gravity of offences under the Central Goods and Services Tax (CGST) Act. The case was registered against him on June 10 following a complaint by a senior intelligence officer of the Directorate General of GST Intelligence (DGGI), Chandigarh Zonal Unit.
Fake Firms and Fraudulent Transactions
According to the prosecution, Verma was the proprietor of M/s Balaji Trading Company, a fictitious firm with a registered office in Parwanoo. During inspection, the premises were found locked, raising suspicion. Further investigation revealed that Verma was operating three firms — two under his name and one under his wife’s name.
· M/s Balaji Trading Company: Claimed ITC worth ₹12.47 crore on fake invoices of ₹69.27 crore.
· M/s Aniket Steel and Brothers: Claimed ITC of ₹6.02 crore on bogus supply invoices worth ₹33.44 crore.
· M/s NV Industrial Corporation: Registered in his wife’s name, allegedly used to secure a business loan
Fictitious Transactions and Bogus E-Way Bills
The probe further revealed irregularities in e-way bills. Records showed light passenger cars being used to transport heavy goods such as MS scrap and cement, far exceeding the vehicles’ capacity. Authorities concluded that the transactions were non-existent and fictitious, executed only to fraudulently avail ITC benefits.
Case Progress
With the bail plea rejected, Verma remains in judicial custody as investigations continue. The case underscores the growing challenge of GST frauds in India, which result in significant revenue losses for the government.
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