- विज्ञापन -
Ludhiana:
The Directorate General of GST Intelligence (DGGI), Ludhiana has arrested a Khanna based scrap trader for a fake billing scam worth Rs 314 crore.
The accused has been identified as Manoj Gupta of Khanna. He operates his business from Mandi Gobindgarh.
According to the officials, Gupta is accused of masterminding a large-scale fraudulent operation involving four firms engaged in scrap trading.
According to DGGI officials, two of the firms, Balak Enterprises and Nath Enterprises, were registered under the names of dummy proprietors, while the other two, Pammik Enterprises and Pammik Importer, were directly under Gupta’s name. Through these entities, Gupta allegedly facilitated bogus transactions worth Rs 314.08 crores by issuing and receiving fake invoices without actual supply or receipt of goods.
This fraudulent activity led to the wrongful availing/utilization, and passing of Rs 47.91 crore in Input Tax Credit (ITC), in violation of the provisions of the CGST Act, 2017.
According to the officials, searches were conducted by DGGI at his business as well as residential premises on December 20 and during the search operations, various electronic devices and other incriminating documents have been seized.
“During the investigation it has been learnt that Manoj Gupta is a habitual offender as he has been under investigation with Punjab VAT department and the Vigilance Bureau (Economic Offence Wing), Punjab in VAT matters,” official said.
DGGI Ludhiana is further identifying and focussing on such dummy entities that are involved in the fraudulent activity of bogus billing. DGGI Ludhiana is actively unearthing the menace of fake billing and other GST-related fraud/evasion.
