Massive Tax Fraud: Kerala Scrap Sector sees Rs.1000 Crore Business using Fake GST Bills, Evaded Rs.180 Crore in Tax

The GST Department's investigation uncovered a huge tax fraud in the state of Kerala. Tax Evasion of Rs.180 Crore found by GST officials.

Kerala Scrap Sector sees Business worth Rs.1000 Crore using Fake GST Bills

Reetu | May 23, 2024 |

Massive Tax Fraud: Kerala Scrap Sector sees Rs.1000 Crore Business using Fake GST Bills, Evaded Rs.180 Crore in Tax

Massive Tax Fraud: Kerala Scrap Sector sees Rs.1000 Crore Business using Fake GST Bills, Evaded Rs.180 Crore in Tax

The GST Department’s investigation uncovered a huge tax fraud in the state. The investigation into the scrap sector discovered that business worth Rs.1,000 crore was conducted using fake GST invoices.

According to estimates, the state government lost up to Rs.180 crore as a result of the fraud. The fraud was discovered to be happening across seven districts. The inspections were conducted out by around 300 GST Department officials. It was also discovered that GST registrations were made in the names of individuals unrelated to the sector.

During the inspection, officials discovered fake bills and identified individuals who obtained fake registrations and conducted business using them. Officials stated that the true scope of the fraud can only be determined if the culprits are thoroughly investigated. According to sources, this could be one of the largest GST scams in the state.

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