In a significant crackdown on tax evasion, the Jaipur regional unit of the Directorate of Goods and Services Tax Intelligence (DGGI) arrested insurance broker Parvez, accusing him of evading Rs16.9 crore in GST. Parvez, who operated as an intermediary for various private insurance companies, was arrested in Bikaner and presented before the Economic Offences Court. Judge Sunil Kumar Meena sent him to 14 days of judicial custody.
Parvez allegedly provided services to multiple private insurers, facilitating the sale of insurance policies and claims processing. However, he is accused of colluding with Girnar Insurance Brokers Pvt. Ltd. and Girnar Finserv Pvt. Ltd., both based in Gurugram, Haryana, to conduct fraudulent billing. The scheme involved fake invoices for advertisements from Delhi, Noida, Punjab, and Haryana, which were used to adjust GST liabilities.
The investigation into Parvez’s activities revealed a sophisticated operation, utilizing fake transactions and fraudulent billing practices to evade GST payments. The DGGI’s probe has shed light on the extensive network of companies involved in this illegal activity. Parvez’s arrest is a major step in the ongoing efforts to combat GST evasion in India.