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DGGI Bust Network Of 275 Firms Involving Fake Invoices Of Over Rs 3,100 Cr

These firms have issued fake invoices having a total value of Rs 3,189 crore involving total GST evasion of Rs 362 crore, the ministry said.

Photo Credit : PTI

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The Directorate Of Goods and Service Tax Intelligence, Ghaziabad regional unit has busted a syndicate involved in creating and controlling fake firms and issuing bills by these fake firms without supplying any goods or services and encashment of GST refund.

The Finance Ministry in a statement said that after developing precise intelligence, two office premises were searched from where various incriminating documents pertaining to more than 200 fake firms were recovered such as mobile phones, digital signatures, debit cards, PAN cards, Aadhaar cards, photos of persons, rent agreements, laptops, pen drives, rubber stamps, keys of offices, SIM cards, cheque books and some Kuccha records.

Further, an in-depth investigation was conducted which revealed that the data of this network is being compiled and used from the cloud. After analysis of the evidence and data, it was revealed that this network consists of 275 bogus firms which exist only on paper. These firms have issued fake invoices having a total value of Rs 3,189 crore involving total GST evasion of Rs 362 crore, the ministry said. 

One of the key persons who were instrumental in the collection of identities of individuals for the creation of fake firms namely Tinku Yadav was arrested earlier. Based on the information given by Tinku Yadav and analysis of IP addresses, the actual masterminds of the network namely Vipin Kumar Gupta alias Nikku and Yogesh Mittal have been apprehended and arrested, as per the statement. 

The department also learnt that both Gupta and Mittal are habitual offenders. Both the offenders have been arrested by the Directorate of Revenue Intelligence (DRI) and Enforcement Directorate (ED) earlier.


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