GST officers have busted a syndicate concerned within the creation of pretend companies and bogus invoices which led to a GST evasion of Rs 362 crore, the finance ministry stated on Thursday.
The Directorate of Items and Service Tax Intelligence, Ghaziabad Regional Unit, has busted a syndicate concerned in creating and controlling pretend companies and issuing of payments by these pretend companies with out supplying any items or providers and encashment of GST refund, the ministry stated.
Two workplace premises had been searched from the place numerous incriminating paperwork associated to over 200 pretend companies had been recovered i.e. cell phones, digital signatures, debit playing cards, PAN playing cards, Aadhaar playing cards, pictures of individuals, lease agreements, laptops, pen drives, rubber stamps, keys of places of work, SIM playing cards, cheque books and a few kuccha information.
“After an evaluation of the evidences and information, it was revealed that this community consists of 275 bogus companies which exist solely on paper. These companies have issued pretend invoices having a complete worth of Rs 3,189 crore involving whole GST evasion of Rs 362 crore,” it added.
The precise masterminds of the community, particularly Vipin Kumar Gupta alias Nikku and Yogesh Mittal, have been caught and arrested by DGGI officers.
It has been learnt that each Vipin Kumar Gupta and Yogesh Mittal are routine offenders. Each the offenders have been arrested by the Directorate of Income Intelligence (DRI) and the Enforcement Directorate (ED) earlier, the ministry stated.
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