GST fraud of over 5000 crore dug up, 40 got arrested

GST officers have arrested one person in the national capital on Friday in connection with creating and operating fake firms and fraudulently passing on input tax credit (ITC) worth Rs 94 crore.

GST officers have arrested one person in the national capital on Friday in connection with creating and operating fake firms and fraudulently passing on input tax credit (ITC) worth Rs 94 crore. As per the investigation, the multi-layered network

was being operated by one Krishna Kumar.

“During the search of his residence, incriminating documents like ATM cards, signed cheques, bank documents, stamps of these dummy firms including stamp of the transport company as mentioned in the e-way bills of the fake firms and outer packets/cases of SIM cards of mobile phones used for registration of firms were recovered,” officers said.

A case has been registered under relevant sections of Indian penal code and CGST Act,2017. CGST of Delhi zone arrested 40 who are linked in GST scam of over 5000 crore in 2021.

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