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GST fraud of Rs 60 crore detected: Punjab

Patiala-based trader arrested: Punjab’s Department of Excise and Taxation on Thursday have detected Goods and Services Tax (GST) bogus billing scam in Patiala, involving 60 crore.

Additional Excise and Taxation Commissioner-cum-Director (Investigation) Navdeep Kaur Bhinder said a local iron and scrap trader, Subhash Chander, was arrested in connection with the GST fraud, involved in the unscrupulous activity.

“After following due process of law and conducting detailed enquires, the accused  is proprietor of Ganpati Motor Store, has been arrested.”

‘Bogus invoices’

The owner of the firm used to procure fake GST invoices of iron and scrap from Delhi without physical delivery of goods.

It was found that vehicles shown in the bills for the transportation of the material are the two-wheelers as per the investigation conducted by the department.

A total of 945 vehicles were shown to have transported iron and scrap goods from Delhi to Khanauri Mandi, whereas after verification it was found that only 67 vehicles were shown to have passed through a Rohtak-based toll plaza.

After being confirmed by toll plaza authorities, “it is clarified that these 67 vehicles revealed had actually not passed through the toll plaza and only fake toll plaza receipts had been generated,”

In such way the accused was creating bogus input tax credit running into crores of rupees and was further passing on to various dealers of Punjab.

Additional Commissioner-cum-Director Investigation, Punjab. Bhinder said further investigation into this case was underway to identify other unscrupulous people involved in the scam.

As against the increasing case of frauds, excise officials said “We also plan to launch a campaign against dealers, traders involved in cases of tax evasion,”.

Author: Niranjan Reddy

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