Quick Summary
The Directorate of Goods and Service Tax Intelligence, Ghaziabad Regional Unit has busted a syndicate involved in creating and controlling fake firms and issuing of bills by these fake firms without supply any Goods or Services and encashment of GST refund. After developing precise Intelligence,
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
They have busted a syndicate involved in creating and controlling 275 fake firms that issued fake invoices totalling over Rs 3,100 crore, without supplying any goods or services, to encash GST refunds.
The total GST evasion identified in this case amounts to Rs 362 crore.
Incriminating documents and items were recovered, including mobile phones, digital signatures, identity documents, laptops, SIM cards, and cheque books, pertaining to over 200 fake firms.
The alleged masterminds, Sh. Vipin Kumar Gupta alias Nikku and Sh. Yogesh Mittal, have been apprehended.
Yes, it is reported that both Sh. Vipin Kumar Gupta and Sh. Yogesh Mittal are habitual offenders and have been previously arrested by the Directorate of Revenue Intelligence and the Enforcement Directorate.
CAclubindia
