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The Economic Offences Wing (EOW) has unearthed a massive Goods and Services Tax (GST) input tax credit (ITC) fraud worth Rs 130 crore, involving 23 fake firms and Rs 512 crore in fake invoices, according to officials. The investigation, which originally began with a case of Rs 34 crore in fraudulent ITC claims linked to nine operational companies and four shell firms, has now expanded across Madhya Pradesh, Chhattisgarh, and Maharashtra. A Fully Digitally Orchestrated Syndicate According to
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FAQ :
The total value of the Goods and Services Tax (GST) input tax credit (ITC) fraud exposed is £130 crore.
Twenty-three fake firms were created as part of the scam.
Fake invoices worth £512 crore were generated in this fraud.
No, there was no actual movement of goods or services; the invoices were purely paper-based.
The alleged mastermind is NK Khare, also known as Vinod Kumar, who has been arrested.
The mastermind allegedly used the names and identities of unsuspecting villagers, along with forged documents and digitally coordinated operations, to create fake companies and avoid detection.
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