An official in the GST department in Delhi said it had found a fake GST claim fraud of Rs 347 crores spread across 11 companies. According to official sources, companies accused of tax evasion were involved in distribution transactions and issued fake invoices to claim fraudulent tax credits for tax evasion. “Mayank Jain, the owner of Ms. Super Steel India Ltd., believed to be one of the main perpetrators of the fraud, was arrested by the agency on Saturday, January 1, 2022. He was arrested by a judge. He was sentenced to 14 days in prison for pretrial detention. ” Further arrests could be made during the investigation, “said an official statement from the Delhi State Tax Authority. Companies will issue fake or inflated invoices without delivering the goods, according to people familiar with the matter. All unrecorded transactions have been settled in cash. “It was also determined that some of these 11 companies belonged to only one person and could have been established to create a long tax chain to avoid tax disclosure. Through a data-driven investigation, investigators found that four of these 11 companies filed tax returns from computers with the same IP address, and six had the same contact number and four. Used the same email ID. The other two companies had the same bank account number. During a confidential check by a department inspector, none of the 11 companies were registered with them. I found that it didn’t exist at my address, “said the statement.
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