Quick Summary
In one of the most sophisticated GST frauds in recent years, law enforcement agencies have uncovered a scam involving fraudulent input tax credit (ITC) claims worth Rs 157.22 crore. The prime accused, Sarabjit Singh, an accountant from Ludhiana, remains absconding even as authorities tighten the noo
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 Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
FAQ :
The fraudulent transactions conducted through fake firms amounted to Rs 866.67 crore between 2023 and 2025.
The scam involved fraudulent input tax credit (ITC) claims worth Rs 157.22 crore.
The prime accused is Sarabjit Singh, an accountant from Ludhiana, who is currently absconding.
Sarabjit Singh used the credentials of unemployed youth and daily wage labourers to create 20 bogus firms.
Recovered evidence includes unsigned cheque books, pre-filled NEFT forms, fake invoice books, and Rs 40 lakh in unaccounted cash.
Yes, a related scam involves Maa Durga Roadlines, a transporter accused of issuing fake e-way bills for fictitious goods movement worth Rs 168 crore, leading to suspected fraudulent ITC claims of Rs 30.66 crore.
CAclubindia
