GST Evasion: 2 arrested for GST Fraud of more than 12 Crore

An official from the Central GST Commissionerate said on Monday that the owner of a private business and another individual were detained in Madhya Pradesh’s Indore for allegedly using fake bills to obtain more than Rs 12 crore in input tax credit under the Goods and Services Tax (GST).

According to the official, the business, which deals in the procurement and sale of food grains, reportedly provided fraudulent bills and received more than Rs 12 crore in input tax credit.

The co-accused reportedly presented the company owner with false bills from fraudulent organisations via a Gujarat-based broker, he said.

This individual is affiliated with the Gujarat broker and offers false invoices in exchange for a commission. He was also caught in a similar instance of GST fraud in 2021, according to the official, who added that a thorough investigation is underway in the current case.