GST Fraud: 2 Businessman brothers arrested for GST Evasion to the tune of Rs.522 crore

The Directorate General of Goods and Services Tax Intelligence (DGGI) Jamshedpur regional unit, has detained two businessmen brothers from Kolkata on GST evasion accusations totalling Rs.522 crore for a Rs.3,000 crore business transaction.

According to Ashutosh Kumar Singh, DGGI joint director, the accused Amit Gupta and Sumit Gupta were arrested on Tuesday at their residence in Kolkata’s Salt Lake neighbourhood.

They were presented in a local court in Kolkata and transferred here on transit remand. Both were sent to jail after receiving medical care at the Mahatma Gandhi Memorial College and Hospital (MGMMCH) on Tuesday.

Singh further said that the Gupta brothers are the masterminds of the GST fraud network across five states, including Odisha, West Bengal, Chhattisgarh, and Tamil Nadu besides Jharkhand.

Earlier, Kolkata-based trader Shiv Kumar Deora was arrested by the DGGI’s Jamshedpur cell, and the Gupta brothers were arrested as a result of his allegations on February 28.

“Further investigation is in progress and details of the case will be shared with the public soon,” he said.

Notably, Deora was arrested for perpetrating a multi-crore fraud by creating fake invoice bills in the names of bogus firms.