GST dept busts Rs 14 crore refund fraud, Rs 1.16 crore retrieved from Delhi firm
NEW DELHI: The Department of Trade and Taxes, Government of Delhi, has uncovered a major case of Goods and Services Tax (GST) refund fraud amounting to nearly Rs 14 crore. The investigation revealed a network of individuals who created and operated four fictitious firms solely to illegitimately claim GST refunds under the guise of genuine business activities.
This case marks a first-of-its-kind operation by the Department, where cutting-edge big data analytics and detailed chain analysis—including scrutiny of banking transactions—were employed to trace the flow of funds across multiple entities located in Delhi, other states, and international jurisdictions such as Hong Kong and Singapore.
The Department's data-driven investigation identified multiple entities using the same PAN, mobile numbers, and email addresses as those used by the fraudulent firms.
As an immediate enforcement measure, the registration of the Delhi-based entities has been suspended.
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