Goods and Services Tax (GST) officials have busted a major fraud. According to GST officials, the same person was operating 46 Fake Firms and had created fake Input Tax Credit (ITC) worth Rs 82.23 crore. The Union Finance Ministry said that GST officials have succeeded in breaking a network of 46 fake firms. According to the ministry, black business of creating fake bills was being run through this network and till now an input tax credit (ITC) of Rs 82.23 crore has been acquired.
According to the news agency PTI, the Finance Ministry said that through extensive data analysis, the GST officers of East Delhi (Officers of Delhi East GST) helped identify the network of these 46 fake firms and uproot their black businesses. These firms were operated since 2017 and many people have been given the benefit of fake ITC through fake bills. These people are being identified. The ministry said, the investigation revealed that these firms and this black network are controlled by Arvind Kumar and his associates. Arvind Kumar was arrested on 17 January.
According to the Finance Ministry, Kamal Singh Solanki (Kamal Singh Solanki), a special aide of Arvind, has also admitted that fake bills are included in this racket. Kamal has told that fake bills worth about Rs 541.13 crore have been issued, from which fake ITC of Rs 82.23 crore has been recovered. However, this figure is likely to increase in further investigation. Kamal Singh has also been arrested. GST Central Tax Delhi Zone Since its formation in 2017, so far, GST theft of Rs 3,791.65 crore has been caught. Also arrested 21 people in cases related to it.