The Jaipur Zone unit of the Directorate General of Goods and Services Tax Intelligence (DGGI) has uncovered a major GST evasion network involving fake bills and input tax credit (ITC). The network is suspected of evading GST worth crores of rupees.
The DGGI team carried out raids at several locations linked to the network in Delhi for three consecutive days. During the operation, officials recovered ₹4,58,60,000 in cash. They also seized laptops, mobile phones, several chequebooks and documents related to different firms.
Raids conducted at locations linked to network members
According to sources, the DGGI team searched several locations linked to people involved in the network in Delhi. During the searches, officials found important evidence related to fake GST bills, claiming ITC without the actual supply of goods and suspicious money transactions.
During a search of an office linked to the network’s banking and cash dealings, the team recovered ₹4,58,60,000 in cash.
Fake GST bills issued without supplying goods
The preliminary investigation revealed that the syndicate allegedly issued fake GST bills without actually supplying goods. These were used to provide input tax credit to various traders.
The investigation also revealed that the syndicate was operating an arrangement to return cash to the concerned traders in exchange for transactions through bank accounts via RTGS.
The investigation into the financial network has revealed the role of Vipul Goyal, a resident of Rohini in Delhi. According to the preliminary investigation, he was allegedly involved in the arrangement to provide cash in exchange for RTGS transactions.
Cash worth ₹4 crore 58 lakh recovered
A search of the office in question led to the recovery of ₹4,58,60,000 in cash. Laptops, mobile phones, a large number of chequebooks and documents related to various firms were also seized.
The role of other members of the syndicate, beneficiaries who received fake ITC, and individuals linked to banking transactions and the flow of cash is also being investigated in detail.
Analysis of the seized digital devices and documents is expected to reveal further important facts about the syndicate’s operations, suspected GST evasion involving crores of rupees and financial transactions.
