The Noida Police arrested three Delhi-based men on Friday, June 23, 2023, in connection with a multi-crore GST scam. The total number of arrests in the case has now increased to 15.
The three men who were arrested have been identified as Atul Gupta, Sumit Garg, and Manan Singhal. They are all residents of the Rohini area in Delhi.
The police said that the scam involved the generation of fake, bogus bills which were used to claim input tax credit (ITC). This resulted in a loss of revenue to the government.
Initial police investigations showed that transactions of around Rs 8,500 crore were carried out through these bogus firms.
The police are still investigating the case and are looking for other people who may be involved.
This is a serious scam that has defrauded the government of millions of rupees. The police are doing their best to bring the perpetrators to justice.
Here are some additional details about the scam:
- The bogus companies were created using fake addresses and phone numbers.
- The fake bills were used to claim ITC on goods and services that were never actually supplied.
- The ITC was then used to offset the tax liability of the bogus companies.
- The scam is estimated to have cost the government around Rs 8,500 crore in revenue.
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