A 29-year-old man was arrested on Monday for his alleged involvement in Rs.10,000-crore GST (goods and services tax) fraud that involved registering thousands of bogus firms using stolen or fake identities, and using them to raise e-way bills and avail of input tax credit (ITC) from the government, the Noida police said on Tuesday.
Last June, the Noida police uncovered the alleged scam with the arrest of eight suspects and seized a list of over 3,000 bogus companies, registered on the basis of fake PAN card details, said police officers.
These fake companies were then used to generate e-way bills (GST related receipts for transporting consignments), officials said. With the latest arrest, the number of those held in connection with the scam is now 30, they added.
The suspect has been identified as Vikas Dabas, a resident of Mubarikpur in Delhi, said Shakti Avasthy, deputy commissioner of police (crime) who is leading the investigation.
“Dabas’ name had come to light ever since the first arrests had been made as he is one of the prime suspects associated with the gang. He had been committing the fraud for the last five years by obtaining GST rebates using fake bills prepared by establishing bogus firms with a GST number. Other members of his gang were arrested earlier,” the officer said.
Read more at: Hindustan Times
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