GST Fraud Unveiled: A Rs 31.95 Crore Tax Evasion Scheme Busted

GST officers have exposed a massive tax evasion scam worth Rs 31.95 crore involving fraudulent Input Tax Credit claims. A company director was arrested as investigations revealed that fake invoices were used without any real supply of goods. Authorities employ data analytics to detect similar schemes.

GST officers have uncovered a significant tax evasion scandal amounting to Rs 31.95 crore through fraudulent Input Tax Credit (ITC) claims, according to a Finance Ministry announcement on Friday.

The anti-evasion branch of the CGST Delhi South Commissionerate found that the accused company processed fraudulent ITC without any real supply of goods or services. A company director has been taken into custody for orchestrating this evasion scheme.

Following targeted intelligence, authorities commenced an investigation that unveiled the usage of non-existent firms to secure ineligible ITC. The GST department now utilizes data analytics and supply chain mapping to thwart such fraudulent activities proactively.