Quick Summary
Two individuals have been booked for allegedly siphoning off Rs 17 crore through fake GST claims and shell companies. The accused, identified as Vishal Kumar Jaiswal and Mohammad Mohsin, were operating under the guise of legitimate businesses using forged documents, including fake electricity bills submitted during GST registration. The fraudulent activity surfaced last week when officials from the SGST department examined the financial records of multiple firms. The investigation revealed that
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FAQ :
The total amount of tax evasion alleged is £17 crore.
The individuals booked are Vishal Kumar Jaiswal and Mohammad Mohsin.
They allegedly used shell companies and forged documents, including fake electricity bills, to make fraudulent GST claims and siphon off funds.
Vikas Enterprises, operated by Vishal Kumar Jaiswal, allegedly claimed an Input Tax Credit (ITC) of £12.54 crore.
Officials estimate a tax evasion of £4.88 crore by Mohammad Enterprises.
Authorities have registered cases and reiterated their commitment to intensifying scrutiny on suspicious firms and clamping down on fraudulent tax claims.
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