Raipur: Rs. 92 Crore GST Fraud Exposed; Two Businessmen Arrested for Issuing Fake Invoices

Recently, a huge GST scam has been discovered in Raipur (Capital of Chhattisgarh). Two businessmen have been taken into custody by the Raipur Zonal Unit of the Directorate General of GST Intelligence (DGGI) in the case of GST evasion of Rs. 92 Crore. The accused persons are Ajay Singh (Director of Ajay Traders) and Shubham Kumar (Director of Shubham Sales).

Numerous Fake Companies Showed Fake Purchases

As per the reports, the invoicing of Rs 94 crore was made by the first firm and Rs 41 crore was made by the second firm. Their invoices showed fake purchases from various fake firms in Delhi.

Significant Discrepancies Were Uncovered During the Investigation

The DGGI checked the documents submitted by these firms while doing the investigation. Significant discrepancies have been uncovered during the investigation. The whole case relates to fake invoicing and tax evasion through fake firms. The DGGI’s move is being seen as part of the nationwide crackdown on fake GST rackets.

Following the arrests, a case was filed against the two businessmen under multiple provisions of the GST Act. They were presented before the court, which has remanded them to judicial custody.

According to the official announcement, DGGI says this is the last warning for these businessmen who tried stealing tax using fake documents such as bills and ITC. The investigation is being processed, and it is anticipated that companies will be involved in this racket.