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GST number cancelled of 132 bogus firms

During last month, the department has carried out a survey where it was found that some of firms had shown fake addresses and others were found to have submitted fake documents.

The Excise and Taxation Department has started the process to cancel GST numbers of 132 firms, which were found to be bogus.

The survey was carried out after the department unearthed the biggest fake billing scam in the city under the GST regime, where 17 bogus firms were involved having scam of Rs. 70 crore.

After unearthing the scam, Excise and Taxation Commissioner Mandeep Singh Brar had directed the department to conduct a survey of 440 newly registered dealers under the GST. Out of 440, as many as 132 of them were found to be bogus.

The bogus firms generated fake bills to fraudulently claim input tax credit (ITC). The bogus bills so generated were used to fraudulently claim ITC from the department without actual movement of goods. 

Besides fraudulently claim of ITC, the Excise and Taxation Department is also scrutinizing the companies not issuing bills to customers and penalty will be imposed in case of any discrepancy.

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