In a significant breakthrough, the Ghaziabad branch of the Central Goods and Services Tax (CGST) department has exposed a massive scam worth Rs 650 crore, involving fake companies and fraudulent invoices. The operation, led by CGST Commissioner Sanjay Lavania, has resulted in the arrest of two key individuals—Gaurav Tomar and Chhatrapal Sharma.
The scam involved the creation of over 120 fictitious companies, used to generate fake invoices and manipulate GST records. These fraudulent activities allowed the culprits to show a turnover of Rs 650 crore, while issuing invoices totaling Rs 110 crore for non-existent transactions. In doing so, they evaded significant tax liabilities.
The investigation revealed a pattern of suspicious activity, including the registration of multiple companies under a single mobile number. All One-Time Passwords (OTPs) for the transactions were directed to the same phone, making it easier for the accused to bypass checks and control the fraudulent operations.
The arrests of Gaurav Tomar and Chhatrapal Sharma mark a major step in the fight against financial fraud and tax evasion, as the CGST department continues to uncover the extent of the scam and bring perpetrators to justice.
