Major GST Fraud Uncovered: Chartered Accountant in Custody

A significant GST fraud has been exposed by officials, involving a Chartered Accountant from South Delhi accused of orchestrating a Rs 7.85 crore scheme using fraudulent input tax credits.

The accountant was apprehended and brought before the Duty Magistrate, resulting in him being remanded to judicial custody until May 21, 2025, as confirmed by a statement from the finance ministry.

The investigation unveiled a misuse of over 80 GSTINs linked to the accountant, alongside circular trading activities. The Central GST Delhi South Commissionerate has been spearheading the search of 12 premises, revealing several non-existent firms and seizing critical electronic evidence.

This case underscores systemic vulnerabilities in the GST framework, with widespread impersonation and credential misuse identified. Ongoing investigations aim to delineate the full extent of this fraudulent activity and expose all implicated parties.

(With inputs from agencies.)