Quick Summary
Sambhal Police and GST authorities have unearthed a large-scale GST evasion racket involving fake firms and fraudulent invoicing in the brick trade. Two individuals have been arrested in connection with the scam, while further investigations are underway to nab the remaining members of the network. According to Superintendent of Police (SP) Krishna Kumar Bishnoi, the accused operated a systematic tax fraud scheme by creating bogus firms within the Sambhal Kotwali area. Over the last three to fo
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 - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
A multi-crore GST evasion racket involving fake firms and fraudulent invoicing in the brick trade has been uncovered.
Two individuals, Danish and Zeeshan, have been arrested in connection with the scam.
The accused created bogus firms and used over 2,000 trucks to transport bricks, generating fake invoices of under Rs 50,000 to avoid paying GST at three levels: production, transportation, and delivery.
Bricks were transported from local kilns to various destinations in Uttarakhand, including Kashipur.
The key accused identified are Kapil Singhal, the alleged mastermind, and Vikas Sharma, his associate and middleman.
Officials are tracing digital trails and financial records to identify additional accomplices and quantify the total tax evaded, coordinating with GST intelligence teams.
CAclubindia
