GST Fraud Worth Rs 138 Crore Busted In Odisha, Four Arrested
Cuttack: A racket of generating fake Goods and Services Tax (GST) invoices for fraudulently claiming the input tax credit (ITC) on non-supplied goods was busted in Odisha with the arrest of four persons, officials said on Friday.
The alleged fraud is believed to be to the tune of Rs 138 crore. The accused have been identified as Rama Chandra Mallick of Jajpur, partner of Biraja Steel, Dindayal Agarwal of Rourkela, lessee of Biraja Steel, Aditya Nayak of Rourkela, partner of Biraja Steel, Director of Anantabhuja Construction and Atul Bansal of Rourkela who is the mastermind in this multi-crore fraud.
GST Commissioner Sushil Lohani said that Bansal along with others have created as many as 20 fictitious and dummy firms in the name of housewives, taxi drivers and unemployed youths.
“The accused managed to obtain identity documents of the gullible people on the pretext of providing them employment and used the same document for creating dummy firms. Later these firms were used to show the purchase of iron and steel goods worth Rs 603 crore and sale of Rs 743 crore without tax payment,” said Lohani.