Quick Summary
CENTRAL GST COMMISSIONERATE,GHAZIABAD ARRESTS ONE PERSON INVOLVED IN A GST FRAUD CASE REGISTERED IN DECEMBER 2020 INVOLVING TAXABLE VALUE or RS. 628 CRORES AND AVAILMENT AND UTIMATION OP FAKE INPUT TAX CREDIT OF APPROX RS 99 CRORES On the basis of information shared by Chief Commissioner Office, COST Customs, Meerut Zone, Meerut, CGST Commissionerate, Ghaziabad had initiated an enquiry in December 2020 against a firm M/s Jai enterprises and 36 other firms all based in Ghaziabad leading to un
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1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
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FAQ :
The total taxable value involved in the GST fraud is approximately £628 crores, with fake Input Tax Credit (ITC) amounting to about £99 crores.
Two individuals, Naresh Kumar and Roopak Vashistha, have been arrested by CGST Ghaziabad in connection with the GST fraud.
Bogus firms were created using multiple PAN cards, mobile numbers, and bank accounts to facilitate the fraud.
Roopak Vashistha is allegedly involved in creating fake/bogus firms for the availment and utilisation of fraudulent Input Tax Credit (ITC) on the strength of invoices without the receipt of any goods.
Yes, investigations revealed 11 bogus firms registered under Roopak Vashistha's PAN, and it's suspected there are over 50 bogus firms in multiple jurisdictions linked to the mobile numbers and bank accounts used.
Naresh Kumar was arrested on 21.04.2021 and a prosecution complaint was filed. Roopak Vashistha was arrested on 10.03.2022 and ordered judicial custody until 23.03.2022.
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