Rs 11-cr CGST fraud unearthed in Hisar

Hisar, March 21

The Central Goods and Services Tax (CGST) authorities have detected a bill fraud by a trader and his two sons in Hisar. They floated nine shell firms and claimed input credit tax.

The CGST authorities traced fake bills worth Rs 250 crore for trade of cotton, sugar, iron scrap, almond etc for these shell firms. Sant Kumar and his sons Manan Kumar and Saubhagya Kumar committed the fraud and claimed input credit tax of Rs 11.87 crore.

The CGST authorities identified nine firms registered in the names of persons who were employees of the trio. Accounts were opened and operated in various banks in the names of the employees and business transactions shown therein.

As per investigation so far, these firms started functioning in October 2018. The investigation traced record of bill transactions worth Rs 250 crore till February. Confirming the development, Sachin Ahlawat, Assistant Commissioner, CGST, said they were likely to come out with more details soon. — TNS