Quick Summary
In a major breakthrough against tax evasion, Sadar Kotwali police arrested two individuals on Monday evening in connection with a massive Rs 10.76 crore Goods and Services Tax (GST) fraud involving fake companies and bogus invoices. The accused are said to be part of an organized money laundering syndicate operating across multiple cities in Uttar Pradesh. The arrested men, Yogesh Garg alias Monu, a resident of Ghaziabad, and Sanjay Thakur from Lucknow, were intercepted while heading to meet a
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FAQ :
The Goods and Services Tax (GST) fraud was worth Rs 10.76 crore.
Yogesh Garg alias Monu from Ghaziabad and Sanjay Thakur from Lucknow were arrested.
The fake company, Sarvashri Rajdhani Enterprises, was set up in Rae Bareli using forged documentation and by misusing identity documents and SIM cards linked to previously surrendered GST accounts.
The syndicate generated fake invoices for non-existent goods to fraudulently claim input tax credits (ITC) at 18% GST rates, which were then passed on to partner firms.
The case came to light after a complaint from Ramesh Chandra, who alleged his Aadhaar and mobile number were used without his knowledge to set up the fraudulent enterprise after he had surrendered his GST registration.
Charges under sections of the Indian Penal Code, GST Act, and Prevention of Money Laundering Act (PMLA) are likely to be imposed against the accused.
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