Quick Summary
The Enforcement Directorate (ED) on June 6 conducted searches at 25 locations in Gujarat, Maharashtra and Karnataka in connection with a Rs 122 crore GST fraud case. The searches were conducted at the premises of various individuals and companies involved in the alleged fraud. The ED has register
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FAQ :
The GST fraud uncovered was valued at Rs 122 crore.
The Enforcement Directorate (ED) conducted the searches, based on a complaint filed by the Central Board of Excise and Customs (CBEC).
The ED conducted searches at 25 locations across Gujarat, Maharashtra, and Karnataka.
The alleged fraud involved fraudulently availing input tax credit (ITC) worth Rs 122 crore by filing fake invoices.
The ED has registered a case under the Prevention of Money Laundering Act (PMLA) and seized incriminating documents and electronic evidence during the searches.
Yes, the ED's action is described as a major crackdown on GST fraudsters, with the agency conducting similar raids nationwide.
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