Two Arrested in Rs 128 Crore Fake GST Fraud Case in India
मुख्य बातें
- •Two individuals, Rajesh Kumar (38) and Suresh Kumar (42), arrested for allegedly masterminding a Rs 128 crore fake GST fraud.
- •The fraud involved the creation of shell companies to issue bogus invoices and claim fraudulent input tax credit (ITC).
- •Investigation spanned six months, with digital forensics and data analytics used to trace funds and uncover the scam.
- •Raids conducted across Delhi, Gurugram, and Mumbai led to the seizure of documents, devices, and financial records.
Gurugram, Haryana – In a major crackdown on financial fraud, the Directorate General of GST Intelligence (DGGI) and local police have arrested two individuals for allegedly orchestrating a fake Goods and Services Tax (GST) fraud amounting to Rs 128 crore. The accused, identified as Rajesh Kumar (38) and Suresh Kumar (42), both residents of Delhi, were apprehended on Friday following a six-month-long investigation into a complex network of fake billing and input tax credit (ITC) fraud.
According to officials, the fraud involved the creation of multiple shell companies that issued bogus invoices without actual supply of goods or services. These invoices were then used to claim fraudulent ITC by various entities across different states. The scam primarily exploited the GST system’s provision that allows businesses to claim credit for taxes paid on inputs, thereby reducing their overall tax liability.
