Eight Booked for Evading ₹561 Crore GST; One Arrested

By: Admin | October 21, 2024
Category: GST Recent News
Read Time: 4 Minutes

In a major crackdown, the Goods and Services Tax (GST) department has registered a case of cheating and forgery against eight individuals involved in creating fake GST invoices for 58 companies, leading to a tax evasion of ₹561.58 crore. One person from Hyderabad has been arrested in connection with the case.

The arrested individual allegedly fabricated fraudulent GST invoices, enabling these companies to evade taxes. The case was filed following a complaint lodged by GST officer Ravi Bhushanprasad Singh Kumar at the Bund Garden police station.

Key Details:

Timeframe of Tax Evasion: The GST fraud reportedly took place between 2021 and 2024.

Location: The primary company involved is based in Talegaon Dhamdhere, dealing in scrap materials. The fraudulent GST transactions were linked to a company based in Hyderabad.

Discovery of the Fraud:

The fraud was detected during an audit of online tax invoice records of the Talegaon Dhamdhere-based company. The GST officials became suspicious of the firm’s submissions and conducted a deeper investigation. Despite claims that the company paid GST on scrap purchases from the Hyderabad-based firm, the authorities discovered that no GST had been paid.

Arrest and Investigation:

Upon further inspection, the GST officers visited the address of the Hyderabad-based company mentioned in the invoices, only to find that the company did not exist. However, the GST receipts were linked to an Aadhaar card. Tracking this Aadhaar, the officials found a man operating from a house in Hyderabad, who admitted to creating fake invoices for the Talegaon Dhamdhere company and 58 other firms.

During a search, the GST officials seized his laptop, phone, and other electronic devices, which revealed a large network of fraudulent GST invoice activities in Hyderabad and other southern cities.

Ongoing Investigation:

The GST department continues to investigate the involvement of other individuals and companies connected to this massive tax evasion scheme.

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