Collegian gets GST notice for 35cr transactions in bank a/cs

A 20 year old student received a notice from the Income tax department, asking her to pay GST for transactions running into Rs. 35 crore reflected in her various bank accounts over eight months. Two men have been arrested for misusing her personal documents to open the fraud accounts.

The student, TMG Shaikh from Malad (West), approached Malvani police station after receiving the tax notice, claiming that she had nothing to do with those transactions or even the bank accounts. A case was registered on Monday and the police investigation has uncovered a new type of fraud where criminals target job-seekers, collecting their Aadhaar and PAN card details to open accounts that are used to park money got from cyber crime victims.

Two people – Abhishek Pandey (21) from Borivli and Akash Vishwakarma (22) from Kandivli – have been arrested.

“The two targeted job-seekers, obtaining their Aadhaar and PAN card details promising employment. These documents were misused to open bank accounts for money obtained through cyber scams,” said an officer from Malvani police station.

Source: The Times of India