New Delhi, May 16 (IANS) The Economic Offences Wing (EOW) of Delhi Police on Saturday busted a major GST fraud syndicate allegedly involved in generating fake invoices and fraudulent Input Tax Credit (ITC) claims worth nearly Rs 128 crore. Six accused persons have been arrested in connection with the case, officials said on Saturday. According to the EOW, the racket involved the creation and operation of shell companies and fake business entities to generate bogus GST invoices without any actual…
Latest GST Fraud News & Updates
Chandigarh, May 9 (IANS) The Enforcement Directorate (ED) on Saturday arrested Sanjeev Arora, one of the powerful Cabinet ministers in the Bhagwant Mann-led Punjab government, from his official residence in Sector 2 here. The action came after the ED carried out extensive search operations on Sanjeev Arora’s residences and offices under the Prevention of Money Laundering Act (PMLA) of 2002. However, there is no official statement from the ED on his arrest.Shiromani Akali Dal (SAD) leader Bikram …
Chandigarh, May 8 (IANS) Punjab Intelligence and Preventive Unit has dismantled an organised fake billing network with the arrest of one for orchestrating a massive Rs 15.56 crore Goods and Services Tax (GST) fraud involving the wrongful availment of fake Input Tax Credit on bogus transactions of Rs 85.4 crore, Finance Minister Harpal Cheema said on Friday.Ludhiana-based API Plastic Recyclers Private Ltd Director Paramjeet Singh has been arrested.Detailing the investigation, the minister said th…
In a concerning new trend, Indian property owners — including many Non-Resident Indians (NRIs) — are facing a fresh scam…