Ghaziabad regional unit, State of India

The Directorate of Goods and Service Tax Intelligence, Ghaziabad Regional Unit has busted a syndicate involved in creating and controlling fake firms and issuing of bills by these fake firms without supplying any Goods or Services and encashment of GST refund.According to a press release by the Ministry of Finance, after developing precise Intelligence, two office premises were searched from where various incriminating documents/things pertaining to more than 200 fake firms were recovered i.e. mobile phones, digital signatures, debit cards, PAN cards, Aadhaar cards, photos of persons, rent agreements, laptops, pen drives, rubber stamps, keys of offices, SIM cards, cheque books and some 'Kuccha' records.Further, an in-depth investigation was conducted which revealed that the data of this network is being compiled and used from the cloud. After analysis of the evidence and data, it was revealed that this network consists of 275 bogus firms which exist only on paper. These firms have issued fake invoices having a total value of Rs 3,189 crore involving total GST evasion of Rs 362 crore.One of the key persons who was instrumental in the collection of identities of individuals for the creation of fake firms namely Tinku Yadav was arrested earlier. Based on the information given by Tinku Yadav and analysis of IP addresses, the actual masterminds of the network namely Vipin Kumar Gupta alias Nikku, and Yogesh Mittal have been apprehended and arrested. It has been learnt that both Vipin Kumar Gupta and Yogesh Mittal are habitual offenders. Both the offenders have been arrested by the Directorate of Revenue Intelligence (DRI) and Enforcement Directorate (ED) earlier, said the press release.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Ghaziabad Regional UnitFOLLOW

Ghaziabad regional unit, Latest News

Meerut (Uttar Pradesh), Feb 14 A businessman, Yogendra Chaudhary, 60, died after shooting himself in the head inside ... ...

'Rampuri Chaku', a knife, which was made famous by many Bollywood movies, is now struggling in sales as only two sellers and two craftsmen are left in the city of Uttar Pradesh's Rampur. ...

New Delhi, Feb 13 Uttar Pradesh will be voting for 55 assembly seats in the second phase of ... ...

Lucknow, Feb 13 Uttar Pradesh is geared up for the second phase of polling that will take place ... ...

Noting the improvement in the coronavirus pandemic situation, the Uttar Pradesh government has decided to ease the restrictions and reopen the schools for classes nursery to 8 in adherence with COVID-19 protocols from Monday. ...

The Directorate of Goods and Service Tax Intelligence, Ghaziabad Regional Unit has busted a syndicate involved in creating and controlling fake firms and issuing of bills by these fake firms without supplying any Goods or Services and encashment of G ...

The Directorate of Goods and Service Tax Intelligence, Ghaziabad Regional Unit has busted a syndicate involved in creating and controlling fake firms and issuing of bills by these fake firms without supplying any Goods or Services and encashment of G ...