₹7 Crore GST Fraud Unearthed in UP’s Bhadohi, Trader Booked
The article reports that a Goods and Services Tax (GST) fraud racket, involving an evasion of ₹7 crore, was successfully unearthed in the Bhadohi district of Uttar Pradesh (UP), leading to the cancellation of a firm’s registration and the booking of the involved trader.
Key Details of the Allegation and Action
- Fraud Amount: The scam involved the fraudulent utilization and evasion of ₹7 crore in GST.
- Location: The fraud was discovered in the Bhadohi district, a region famous for its carpet industry.
- Action Taken: Tax enforcement officials initiated an investigation that led to:
- The immediate booking and initiation of legal proceedings against the trader responsible.
- The cancellation of the firm’s GST registration, effectively disabling the entity from conducting further taxable transactions.
- Modus Operandi (Implied): The fraud likely involved the misuse of the GST system, such as the generation of fake invoices and the illegal claim of Input Tax Credit (ITC) without the actual supply of goods or services.
- Significance: The bust underscores the authorities’ intensified crackdown on tax evasion and the misuse of the GST framework across major industrial clusters in UP.
Source :- Pti News