GST intelligence uncovers Rs 43 crore ITC fraud in Gurugram, one arrested
DGGI nabbed the accused on March 9 and produced him before the Metropolitan Magistrate, New Delhi, who ordered 14 days judicial days custody
BusinessToday.In | March 11, 2021 | Updated 16:41 IST
These shell companies generated sham invoices without supplying goods or services worth Rs 237.98 crore and passed on fake ITC worth more than Rs 43 crore
Gurugram Zonal Unit (GZU) of the Directorate General of GST Intelligence (DGGI) has arrested one Ravinder Kumar alias Ravinder Garg in connection with input tax credit fraud worth Rs 43 crore. The DGGI officials conducted raids across multiple locations in Delhi and Haryana. According to officials, the accused kept changing his location frequently and was caught after a long period of monitoring and active surveillance.
GST fraud worth Rs 940 crore busted; 340 fake firms under Delhi Police s radar
According to Delhi Police s Cyber Crime Unit, as many as 340 bogus companies suspected to be involved in fake business transactions are under the scanner
PTI | February 1, 2021 | Updated 11:18 IST
With the arrest of six persons, including the kingpin, Delhi Police s Cyber Crime Unit (CyPAD) has busted a Goods and Services Tax (GST) refund scam involving fake business transactions worth Rs 940 crore. According to CyPAD, as many as 340 bogus companies suspected to be involved in fake business transactions are under the scanner.
Police said that in order to generate the GST number, the fraudsters used fake or stolen PAN and Aadhaar cards. They have registered fake firms on GST portal and also procured multiple SIM cards on fake documents. Subsequently, the details of the bogus firms were sold to business entities or individuals who then used those to show fake sale and purchase transactions through bogu