Quick Summary
In a major crackdown on tax evasion, the CGST department has unearthed a massive GST fraud of over Rs 100 crore, operated through a network of fake companies from a single shop located in a Faridabad mall. The fraud, involving fictitious scrap trading and fraudulent input tax credit (ITC) claims, was allegedly orchestrated by Gaurav Jain, a commerce graduate from Faridabad. The scam came to light after the CGST commissionerate in Gurgaon utilized advanced data analytics to identify suspicious
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FAQ :
The GST fraud busted is over Rs 100 crore, with fake invoices amounting to Rs 101 crore issued.
Gaurav Jain, a commerce graduate from Faridabad, has been arrested.
The CGST commissionerate in Gurgaon used advanced data analytics to identify suspicious transaction patterns involving multiple companies registered at the same address.
The companies were allegedly involved in fictitious scrap trading and operated as shell entities with no physical inventory or warehousing facilities.
The fraudulent GST claims amounted to Rs 15.6 crore.
The arrest was made under Section 69(1) of the CGST Act.
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