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The GST officers have busted a nexus of more than 30 fake firms, who have availed ineligible input tax credit (ITC) of over Rs 50 crore, the Finance Ministry said on Wednesday. In an ongoing two-month-long special drive against fake registration, the Central GST Delhi West Commissionerate found multiple entities registered on the same address. During investigation, it was found that the said address was existent but the owner of the premises denied any knowledge about the existence of any fir
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FAQ :
The scam involved over Rs 50 crore in ineligible Input Tax Credit (ITC).
More than 30 fake firms were found to be part of the nexus.
The perpetrator, Shiva, obtained KYC credentials from individuals by promising loans and used Aadhaar authentication to bypass physical verification for GST registrations.
Measures include increasing data analytics for suspicious transactions, conducting physical verification of registrations, raising business awareness, linking GST with Aadhaar, introducing e-invoicing, and strengthening GST law enforcement.
Searches were undertaken at multiple locations in Delhi.
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