Tax Dept unearths Essel group's alleged Rs 392 cr input credit fraud As per the initial probe, a layer of "genuine-looking fictitious" intermediatory companies was created to pass on "bogus ITC" from non-existent and fake firms to the Essel Group companies without actual supply of any goods or services. BusinessToday.In | March 5, 2021 | Updated 16:04 IST Accused were not working with Essel officially but were passing on inadmissible input tax credit to it The Delhi Central Goods and Services Tax commissionerate has unearthed a massive network of fictitious firms created allegedly by two former Essel group employees to generate and avail fake Input Tax Credit (ITC) of Goods and Services Tax. The accused have been identified as Naresh Dhoundiyal and Devender Kumar Goyal, a chartered accountant. Both were former employees of Essel Group. "Though they are presently not working with the Essel group officially, however, they are passing on inadmissible ITC to the said group," an I-T department statement said.