ED Cracks Rs. 734 Crore GST Scam, Attaches Properties Worth Rs. 15 Crore:

The crackdown links Kolkata properties to one of the largest GST scams uncovered in Jharkhand and West Bengal.

Accused Created 135 Shell Companies to Generate Fake ITC

Vanshika verma

Oct 1, 2025

Last update on Oct 1, 2025

ED Cracks Rs. 734 Crore GST Scam, Attaches Properties Worth Rs. 15 Crore The Enforcement Directorate (ED) in Ranchi has taken action against a GST scam. On Monday, it provisionally attached 10 properties worth over Rs. 15 crore belonging to Amit Gupta and his associates in Kolkata and Howrah, under the Prevention of Money Laundering Act (PMLA), 2002. The ED said that these properties, valued at Rs. 15.41 crore, are part of the illegal earnings from the scam. The case began after the Directorate General of GST Intelligence (DGGI), Jamshedpur, filed many complaints against a group led by Shive Kumar Deora, Amit Gupta, Sumit Gupta, and Amit Agarwal (also known as Vicky Bhalotia). Investigations found that the accused had set up 135 shell (fake) companies in Jharkhand, West Bengal, and Delhi. These companies issued fake GST invoices without actually supplying any goods. This operation involved generating fake input tax credit (ITC) worth more than Rs. 734 crore. The fake ITC was further sold to other businesses for a commission. Those businesses used it to reduce or avoid paying their actual GST, which caused huge losses to the government.

About Author

Vanshika verma

Content Writer

Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.