Fake Transactions, Forged Filings: GST ‘Expert’ Accused in Rs 10 Crore Scam

The Economic Offences Cell has filed a case against Naqeeb Mulla for allegedly cheating a company of Rs 10 crore through a GST scam. The complaint was made by Imran Madiwale, who represents a company called Aeroamphibious, which has offices in Belagavi, Karnataka, Arpora and Goa.

Naqeeb Mulla, the head of WS Federal Logistics in Belagavi, presented himself as a tax and GST specialist and was engaged by the company to manage its tax consultant work from January 1, 2022, to June 20, 2024. During this period, he is accused of misusing his role and committing GST fraud, which led to huge financial losses for the company.

Naqeeb Mulla was given access to important and confidential information, including GST login details of several businesses. One of these businesses was WS Royal Jamo’s Resort, which is currently under a High Court sealing order.

It is alleged that Naqeeb Mulla misused this access to tamper with the GST portal. He reportedly showed fake business transactions that never actually happened and falsely claimed about Rs 10 crore as input tax credit in the name of a company called Aeroamphibious.

Further, he is accused of moving around Rs 7.2 crore worth of fake GST credit to his own company. To do this, he allegedly used forged screenshots of GSTR–3B to make it look like higher tax was due.

According to the allegations, money was collected from others under the excuse that it was being paid to the government as tax. Instead, the funds were allegedly misused and not deposited with the authorities. Investigations are still ongoing.