Quick Summary
In an investigation led by CGST Meerut team has prima facie revealed issuance of GST invoices of Rs. 1,708 crores from a chain fake firms/companies operating from Delhi, Moradabad and Meerut, involving fraudulent ITC of about Rs 281 crores. The fraud amount may exceed on further probe. On the bas
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The fraudulent Input Tax Credit claimed was approximately £281 crore.
Fake GST invoices totalling £1,708 crore were issued.
The fake firms were operating from Delhi, Moradabad, and Meerut, with some linked to a specific address in Rohini Sector-6, New Delhi.
The fraudsters created fake firms using stolen IDs, purchased existing companies to change directors, and rotated invoices through multiple non-existent entities to disguise the trail before passing on the fraudulent ITC.
Shri Pradeep Kumar, identified as the kingpin, along with his associates Shri Mohd. Shamshad and Shri Mohd. Sajjad, have been arrested.
The three accused were arrested on 20.03.2020, produced before the Economic Offences Court at Meerut, and sent to judicial remand for 14 days.
CAclubindia
