GST Fraud: Accused Aadhaar and Pan of Workers for Fraudulent Exercise

Officers of the Directorate Normal of GST Intelligence, Belagavi Zonal Unit, Have UNEARTHED A GST Fraud of ₹ 16 Crore. One individual was arrested throughout a search and insurance coverage carried out at three locations in Ballari District of Karnataka.

The Investigation Reveled a Subtle Community of Bogus Firms Engaged in Fraudulent Enter Tax Credit score (ITC) Transactions. Invoices to avail and move on Fraudulent Enter Tax Credit score (ITC) Amounting to ₹ 16 Wore Have been Uncovered.

The accused Had arrange shell entities with no reputable enterprise operations, producing pretend invoices and e-wait payments. The info evaluation of the transactions have given Substantial Grounds Relating to The Fraudulent Nature of the Exercise Carried out by the Accused.

The arrested particular person floated Shell Firms, with no precise enterprise exercise, for availing and passing on the advantages of its. Throughout the search continuing on the Principal place of job, incriminating paperwork was discovered and seized.

The accused used cast Rental Settlement, Letterhead and different paperwork, to create the shell corporations. He used the non-public paperwork, like aadhaar and pan, of his workers to hold out the fraudulent exercise.

The accused was produced in court docket, which despatched he to judicial custody.