Latest news with #DGGILudhiana
The Print
16-05-2025
- Business
- The Print
DGGI officers bust inter-state nexus involving 3 biz; Rs 13-cr GST evasion detected
The investigation showed these entities were involved in fraudulently showing sales of Rs 87.91 crore without any actual supply of goods and claiming input tax credit (ITC). The Directorate General of GST Intelligence (DGGI), Ludhiana, investigated three business entities based in Mandi Gobindgarh — M/s Aar Dee Enterprises, M/s Aashi Steel Industries and M/s Abhi Alloys — and involved in trading of iron and steel articles. New Delhi, May 15 (PTI) GST Intelligence officers have busted an inter-state nexus by three business entities that were involved in fake billing and GST evasion of Rs 13.41 crore, the finance ministry said on Thursday. This case has been unearthed due to the intra-organisational and inter-regional synergy between two offices, DGGI Lucknow in UP and DGGI Ludhiana in Punjab, the finance ministry said in a statement. On May 15, DGGI Ludhiana arrested Raman Kumar Chaurasia and Devinder Singh for generation of fake bills leading to GST evasion of Rs 13.41 crore. They have been sent to judicial custody, it added. PTI JD HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
15-05-2025
- Business
- Hindustan Times
{Inter-state fake billing nexus busted} 2 held in ₹13.41 crore GST evasion scam
The directorate general of GST Intelligence (DGGI), Ludhiana, has uncovered a GST evasion racket involving three business entities in Mandi Gobindgarh—Aar Dee Enterprises, Aashi Steel Industries and Abhi Alloys. The entities were found to have illegally sold iron and steel articles worth ₹87.91 crore, resulting in GST evasion of ₹13.41 crore. The investigation, which was the result of collaborative efforts between the DGGI offices in Ludhiana and Lucknow, revealed that two individuals, Raman Kumar Chaurasia and Devinder Singh, were involved in procuring iron and steel articles through fraudulent means. The items were acquired via fake billing from Deepanshu Srivastava and his accomplice Mohit Kumar, based in Lucknow, Uttar Pradesh. The Lucknow-based fraudsters, operating through 37 shell companies, passed on fake input tax credit (ITC) to the Mandi Gobindgarh entities. Further investigation revealed that these Punjab-based businesses had availed fraudulent ITC through 78 fictitious entities, leading to illegal sales amounting to ₹87.91 crore and a resultant GST evasion of ₹13.41 crore. The DGGI Ludhiana team seized several incriminating documents during the investigation and the accused voluntarily admitted their involvement in the scam. On May 15, 2025, Raman Kumar Chaurasia and Devinder Singh were arrested by DGGI Ludhiana and are in judicial custody. According to officials, fake billing not only erodes government revenues but also creates an uneven playing field where honest taxpayers bear the brunt, while fraudsters exploit the system for personal gain. They warned that such fraudulent activities pose a serious threat to the economy, reducing public welfare funds, disrupting market competition and potentially causing inflation. The operation is part of DGGI's ongoing efforts to combat the menace of fake billing and fraudulent ITC claims, which undermine the integrity of the GST system. The DGGI has vowed to continue its crackdown on such illegal activities to ensure a fair and transparent taxation system under GST.
The Print
03-05-2025
- Business
- The Print
DGGI finds six businesses in Punjab's Mandi Gobindgarh involved in GST evasion of Rs 116 crore
According to a Finance Ministry release, the names of the business entities are Bharat Steel Industry, Ramji Concast, AKM Alloys, KTB Alloys, Shree Salasar Balaji Steel Tubes and Shree Salasar Steel Tubes and Co. They were involved in manufacturing of billets and trading of pipes. Chandigarh (Punjab), May 3 (ANI): The Directorate General of GST Intelligence (DGGI), Ludhiana, has found that six business entities based in Mandi Gobindgarh, in the Fatehgarh Sahib district of Punjab, were involved in the illegal sale of Rs 647.4 crore, leading to GST evasion of Rs 116.5 crore. The investigation by DGGI Ludhiana unearthed and seized many pieces of incriminating evidence against these entities. 'These were further corroborated in the voluntary statements made and admitted by the partners and employees of these business entities. The companies were involved in clandestine removal of goods worth Rs 388.8 crore leading to GST evasion of Rs 69.8 crore,' the release said. 'They were also found to have been involved in fake invoicing of Rs 258.5 crore, leading to GST evasion of Rs 46.5 crore through fraudulent availment and utilization of Fake Input Tax Credit from non-existent and fictitious business entities,' it added. On May 2, DGGI Ludhiana placed under arrest three men who largely owned and controlled the mentioned business entities, 'for their acts leading to GST evasion of Rs 116.5 crore'. The three arrested men have been sent to judicial custody. DGGI is the Government of India's premier Intelligence and Investigating Agency for GST tax evasion, functioning under the Ministry of Finance. In order to tackle the menace of GST evasion, the DGGI develops intelligence, especially in new areas of tax evasion, through advanced tools for data analytics besides using its intelligence network across the country to collect such information. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
