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Fake GST Invoices Racket Busted In Odisha’s Rourkela


05 October 2018

OMMCOM NEWS


Rourkela: The Directorate General of GST Intelligence, Rourkela Regional Unit has busted a major racket involved in generating fake and forged invoices to claim input tax credit (ITC), worth crores of rupees, without depositing the actual good and services tax (GST) amount with the government.

On the basis of intelligence that two to three companies are indulged in such crime, the Intelligence Unit led by Assistant Director Amit Sunal conducted raided at several places in Odisha, Gujarat and Maharashtra in August this year.

During course of investigation and raids at Rourkela and Bhubaneswar, the team found that the racket is operating from Rourkela.

The racket's modus operandi was to entice and induce innocent people by assuring them a payment of Rs 10,000 to 25,000 per month in lieu of their Aadhaar Card or Pan Card or other documents which were used to make fake Companies and bank accounts in their names to generate GST registration numbers.

Till date the Intelligence Unit has realized GST of Rs 2.5 crore. It has detected involvement of about 60-70 companies in the racket.

The offenders have adopted a strategy to form big chains of several fake companies as well as real companies and making payment through fake bank accounts so as to hoodwink investigations.

Meanwhile, further investigations are underway to determine the extent of the fraud, said sources.

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