GST Evasion: One Arrested for evading ITC of Rs 63 Cr by operating 3 Bogus Firms

Anant Shah, an Ahmedabad resident, was arrested on Sunday by State goods and services tax (SGST) officers for evading Rs 63 crore in taxes. Shah appeared in court on Monday and was remanded in custody for seven days.

Shah was running 3 bogus companies: JK Traders, Reevan Creation, and Gayatri Corporation, all of which were illegally claiming Rs 65 crore in (ITC) input tax credits. Shah forged impoverished people’s documents in his office and set up three companies to display fictitious transactions.

Following raids conducted at various locations since March 8, department officers received a tip about Shah’s involvement in GST evasion. Following the raids, a large number of billing records, false firm bill books, and incriminating digital documents and data were discovered, all of which linked to Shah’s involvement in the bogus billing scheme.

Officials from the SGST are looking into the incident further, and other people are expected to be involved in this case. Officials from the SGST department have recently begun utilizing big data analytics to examine e-way invoices and GST filings in order to identify those who are implicated in the bogus billing scam.