Quick Summary
The Madhya Pradesh Goods and Services Tax (GST) department has unearthed a massive fraud involving at least 30 fake firms and over 150 entities. The fraudsters have been using fake invoices worth hundreds of crores to claim input tax credit (ITC) from the government. The fraud came to light after the GST department conducted raids on several premises in Bhopal, Indore, Gwalior, Jabalpur and other cities in the state. The raids led to the detection of fake firms that were registered with the G
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FAQ :
The department has uncovered a large-scale fraud involving approximately 30 fake firms and more than 150 entities.
Fraudsters created fake firms using forged documents and raised fake invoices worth hundreds of crores to claim input tax credit (ITC) without any actual supply of goods or services.
The fraud came to light after the GST department conducted raids in several cities across Madhya Pradesh, following intelligence from the Noida police about a larger nationwide fraud network.
The investigation suggests potential links to the coal levy scam in Chhattisgarh, as entities in the coal supply chain in certain districts are implicated.
The article mentions an unrelated case where a person involved in GST fraud using fake invoices was arrested by the DGGI Bhopal office on May 23rd.
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