Quick Summary
The Cyberabad Police have arrested two individuals for their alleged involvement in a sophisticated inter-state GST fraud network that created 10 fake GST-registered firms and illegally claimed Rs 11.79 crore in Input Tax Credit (ITC). Officials said the arrests were made on November 12 in connection with the case registered earlier in September. According to a press release from the Cyberabad Police Commissionerate, the accused used a wide range of forged documents including fake Aadhaar cards
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 benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The accused illegally claimed Rs 11.79 crore in Input Tax Credit (ITC).
Ten fake GST-registered firms were created by the syndicate.
A range of forged documents, including fake Aadhaar cards, PAN cards, electricity bills, rental agreements, GHMC licences, and Labour Department certificates, were used.
The syndicate generated a fake turnover of Rs 53.73 crore.
Two individuals have been arrested: a 34-year-old organiser from Gujarat and a 43-year-old assistant from Hyderabad.
No, the alleged mastermind from Delhi and two others, including a technical operator, are still absconding.
CAclubindia
