- विज्ञापन -
Ludhiana:
The directorate general of GST intelligence (DGGI) in the major breakthrough has arrested two masterminds in Fake Billing GST fraud of more than Rs. 700 crores.
Both the accused brothers Manish and Amit are residents of Gurmukh Singh Colony in Mandi Gobindgarh of Punjab.
They are the masterminds in creating fictitious/dummy firms through identity fraud and creating a chain of fake billing of more than Rs. 700 crores with fake ITC (Input Tax Credit) defrauding the government by more than Rs. 100 crores.
This ITC was passed on to intermediary firms who deposited the amount into 7 APMC accounts. Both these brothers used to withdraw cash from these accounts from one particular bank branch. The total volume of cash withdrawals was more than 717 crores till date.
During the search of residential and official premises, 11 mobile phones,7 pen drives, 2 laptops, 56 cheque books of multiple bank accounts, 27 identity-related documents, 7 stamps, and 46 ATM cards were seized which belong to different individuals. The accused had confessed to their fraudulent activities and were accordingly arrested on 9th October & were remanded to judicial custody.
DGGI Ludhiana is further identifying and focusing 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.
Authorities urged that in this regard, any evasion/fraud can be reported to this office via email ([email protected]), landline (0161-2453892), and official address at 51-D, Sarabha Nagar, Ludhiana – 141001.
