Quick Summary
The Department of Trade and Taxes, Government of Delhi, has unearthed a Rs 14 crore Goods and Services Tax (GST) refund fraud. Authorities have arrested a key suspect - the proprietor of one of the fictitious firms - and have so far recovered Rs 1.16 crore. The investigation, aided by advanced data analytics and scrutiny of financial transactions, led to the freezing of 45 bank accounts linked to 27 entities involved in the fraud. An FIR has been registered with the Economic Offences Wing (EO
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FAQ :
The Goods and Services Tax (GST) scam uncovered in Delhi is valued at Rs 14 crore.
Yes, a key suspect, who is the proprietor of one of the fictitious firms involved, has been arrested.
Authorities have recovered Rs 1.16 crore so far in connection with the scam.
The fraudsters created and operated four fake firms to illegally claim GST refunds by simulating genuine business operations, using common PANs, mobile numbers, and email IDs across multiple entities.
Forty-five bank accounts linked to 27 entities have been frozen, and the registrations of implicated Delhi-based firms have been suspended.
The fraudulent transactions involved entities spread across Delhi, other Indian states, and international locations such as Hong Kong and Singapore. Findings have been shared with other state jurisdictions.
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