GST: 3 Jailed for claiming fraudulent ITC exceeding Rs 800 crore:

GST: 3 Jailed for claiming fraudulent ITC exceeding Rs 800 crore

The Enforcement Directorate (ED) sent three traders to jail on Saturday for their involvement in a massive tax fraud scheme. Shiv Kumar Deora, Mohit Deora, and Amit Gupta were produced before a special Prevention of Money Laundering Act (PMLA) court after their arrest. According to ED sources, the traders were taken into custody in Kolkata following intensive questioning on Friday. The investigation team had also searched nine different locations across Jharkhand and West Bengal, leading to the arrest of another suspect, Amit Agrawal, on Thursday. The court has scheduled the next hearing for May 13. ED officials revealed that the group is accused of creating fake invoices worth a staggering Rs 14,325 crore. This fraudulent activity resulted in improper tax credit claims exceeding Rs 800 crore under the Goods and Services Tax (GST) system.