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 basis of initiative taken by the Chief Commissioner, Meerut, Data Analytics team analysed suspected firms. They passed on an information on the basis of which CGST Meerut unearthed a case of issuance of
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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.
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