- विज्ञापन -
A big network of issuing fake GST invoices and fraudulently taking refunds has been busted in Ludhiana. The tax evasion prevention branch of CGST Ludhiana had arrested a person on July 8. Now another person has been arrested in this case.
Investigation has revealed that the arrested accused was operating two fake firms and was playing a key role in getting wrong refunds by issuing fake invoices. The government has suffered huge losses due to this scam. Investigation in the case is still going on.
Operating a network of many fake firms
Investigation so far has revealed that the accused was operating several fake firms. Fake GST invoices worth Rs 1786 crore were issued. Through this, fake input tax credit (ITC) of about Rs 1.5 crore was passed.
A fraud of Rs 180 crore was committed without any actual supply of goods or services. These fake ITCs were used to get GST refunds. A firm of this network had taken fake GST refund of Rs 8.74 crore on the basis of ITC received from non-existent suppliers. Two arrests have been made in this case so far.
The CGST Ludhiana Commissionerate has said that the department is fully committed to detect fraud and protect government revenue. The matter is under investigation and other people and entities involved in it are being identified.
