Massive GST Fraud Uncovered: Rs 410 Crore Scam Busted
The Commercial Taxes Department has arrested Mohammed Tauqeer for orchestrating a Rs 410 crore GST fraud involving fraudulent Input Tax Credits across multiple states. Tauqeer and his accomplice, Shaik Jakeer Hussain, are accused of creating fake businesses to facilitate tax evasion, resulting in significant government revenue loss.
- Country:
- India
The Commercial Taxes Department revealed on Wednesday the arrest of Mohammed Tauqeer, a key figure in a Rs 410 crore GST fraud spanning multiple states. This arrest highlights a significant operation involving fraudulent Input Tax Credits (ITC).
Tauqeer is accused of orchestrating the scheme by creating bogus firms and issuing fake tax invoices without actual supply of goods. This allowed for fraudulent ITC generation, significantly impacting government revenue. The fraudulent network extended across Karnataka, Andhra Pradesh, and Tamil Nadu.
The investigation also uncovered the involvement of Shaik Jakeer Hussain, alias Basha, who remains at large. Both operatives meticulously employed tactics such as frequent GST registration changes and operating through layered entities to escape detection. Authorities are continuing efforts to apprehend the remaining suspect.
(With inputs from agencies.)
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