• Notification Date: 28-01-2022
• Notification No: N/A

GST Officers catches Syndicate in Rs.362 crore Evasion

GST officers have discovered that the Syndicate has established fake firms and fake invoices. The Finance Ministry on Thursday has reported that this has led to a GST evasion of Rs.362 crore.

The Directorate of Goods and Service Tax Intelligence of Ghaziabad Regional Unit has revealed this information through an investigation that a syndicate has been involved in creating fake firms and invoices. The ministry stated that these firms were issuing fake bills without the supply of goods or services and the encashment of GST refund.

The GST officers two apartments and discovered various incriminating documents. These documents revealed that around 200 fake firms were established by the syndicate. There were several documents in those firms that were living evidence of the fraudulent activities carried out by the syndicate. These documents include mobile phones, digital signatures, debit cards, PAN cards, Aadhaar cards, photos of people, rental agreements, laptops, pen drives, rubber stamps, office keys, SIM cards and other bank account details.  

After investigating the documents further, it was discovered that there were 275 fake firms that have official existence on paper. The fake firms have already issued false invoices that amount to Rs.3189 crore. As the finance ministry has stated, this involves a total GST evasion of Rs.362 crore.  

The main masterminds behind this fraudulence activity are Vipin Kumar Gupta alias Nikku and Yogesh Mittal. The DGGI officers have arrested the culprits behind this scandal. The culprits have been identified as habitual offenders. The Finance Ministry has reported that both of these culprits have been arrested by the Directorate of Revenue Intelligence (DRI) and the Enforcement Directorate (ED) in the past.