Rs. 60 Crore GST Fraud In Noida

With the arrest of four men and unearthing of six fake firms, the Special Task Force of the Uttar Pradesh Police Friday claimed to have busted a GST evasion racket of nearly Rs.60 crore.

Using the fake companies, the accused had generated e-way bills (GST related challans for transporting consignments) of over Rs. 615 crore and caused loss to the public exchequer.

The six companies were registered at Greater Noida addresses but did not exist in real, the officials said, adding the four accused who were running a well-organised racket were arrested on evening near the GST office in Surajpur by the Noida unit of the STF.

Two of the accused have worked in the district GST office at date operator level. There they learnt the procedures of how to generate the e-way bills and started creating fake companies.

They have established these non-existent firms on forged documents like rent agreements, electricity bill, PAN cards.

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