Major GST Fraud Bust in Thane: Businessman Arrested

In Thane, Maharashtra, Vivek Rajesh Maurya has been arrested for a GST credit fraud worth Rs 47.32 crore. Authorities used advanced data tools to uncover that Maurya's firm, KSM Enterprises, falsely claimed ITC. Ongoing investigations may reveal additional suspects.

A significant GST credit fraud has been uncovered in Maharashtra's Thane district, leading to the arrest of a local businessman, Vivek Rajesh Maurya, officials reported on Thursday. The fraud, valued at Rs 47.32 crore, involves the false claiming of input tax credits by Maurya's firm, KSM Enterprises, without any legitimate supply of goods or services.

The investigation was driven by internally developed intelligence and advanced data analysis tools used by the Thane commissionerate of Central GST. Evidence seized during a search at Maurya's residence includes bank passbooks, chequebooks, mobile phones, and documents related to several suspect firms.

Maurya was taken into custody on August 19 and has been remanded in judicial custody for 14 days by a judicial magistrate. Authorities hint that more names may emerge as the probe unfolds.