Quick Summary
In a major enforcement action, the Central Goods Services Tax (CGST) Commissionerate, Ludhiana, has uncovered a massive GST fraud worth Rs 54 crore during a series of search operations conducted on Thursday at a private firm in Mandi Gobindgarh, located in the Fatehgarh Sahib district. According to officials, the company-engaged in the manufacturing of iron and steel products, had allegedly availed bogus GST invoices amounting to Rs 300 crore. Using these fake invoices, the firm reportedly c
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FAQ :
The total value of the GST fraud busted by CGST Ludhiana is Rs 54 crore.
Fake invoices amounting to Rs 300 crore were detected.
The company involved was engaged in the manufacturing of iron and steel products.
The firm allegedly used bogus GST invoices to claim ineligible Input Tax Credit (ITC) and offset its GST liability.
Yes, a key individual associated with the company has been arrested under the Central GST Act, 2017.
Yes, further investigation is underway to identify additional entities and individuals linked to the fraudulent network.
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