This GST Fraud came to light when a Noida resident and editor of a media firm lodged a complaint
GST Fraud: The Noida police recently took action to attach immovable assets of two individuals from Delhi, following their arrest in connection with a massive GST (goods and services tax) fraud amounting to nearly ₹10,000 crore. This was uncovered last year on June 1st, involved a gang allegedly operating thousands of bogus companies using stolen or fake identities to generate e-way bills and claim input tax credit (ITC) from the government.
In the ongoing investigation, 29 suspects have been arrested, and a staggering 2,660 bogus companies have been exposed by the police. Recently, the district court issued 21 attachment warrants under Section 83 of the Criminal Procedure Code against seven suspects who are currently absconding.
Assistant Commissioner of Police-1, Noida, Rajneesh Verma, mentioned that properties collectively valued at over ₹25 crore have been identified for attachment during the legal proceedings. The police have already attached assets worth ₹5 crore belonging to two suspects, Arjit Goyal and Rohit Nagpal, both residents of Delhi’s Rohini area.
This fraudulent scheme came to light when a Noida resident and editor of a media firm lodged a complaint about identity fraud involving his PAN card at the Sector 20 police station on May 10th. An FIR was filed last year under various sections of the Indian Penal Code related to cheating, forgery, and criminal conspiracy.
The Noida police continue their efforts to bring all involved individuals to justice and ensure that the perpetrators of this significant GST fraud face the legal consequences.
To access the CBIC Notification 6/2024-Central tax Dated 22 February 2024 CLICK HERE
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