The bogus billing scam will cross Rs 300 crore, an investigation in 6 generations

Billing scam of Rs 285 crore from 17 firms of iron traders was caught.

Rajkot: The State GST Enforcement Department has raided about 30 iron traders across Gujarat, including Rajkot, seized the accounting literature and launched an investigation into it. A bogus billing scam of Rs 285 crore has been caught and six more cases are under investigation. The number of scams is likely to increase further.

According to the modus operandi of bogus billing scam of crores by traders, documents like PAN card, Aadhaar card, photo ID, light bill are taken from Master Mind by giving financial temptations to the financially needy and weak people and based on this bogus. Bogus buying and selling transactions are done by setting up firms and taking GST numbers. In this way tax evasion of crores of rupees is wrongly taken by evading taxes.

The State GST enforcement department raided 12 iron traders in the state, including 12 in Rajkot, 10 in Bhavnagar and seven in Surat, and scrutinized accounting literature, digital data, and buying and selling transactions. The probe has so far found 17 firms involved in bogus billing and about Rs. 285 crore bogus billing scam and Rs. An investigation has revealed that Rs 53 crore was wrongly taken by the tax branch. Meanwhile, six more cases are under investigation and more tax evasion is likely to come out.

A total of 17 firms have been implicated in the bogus billing scam, including seven firms in Rajkot: JP Enterprise, Bhavya Enterprise, Suraj Enterprise, Sahyog Steel, MD Enterprise, JV Enterprise and Jagdish Steel. In Rajkot too, it has come out that large scale tax evasion is taking place by iron traders. An investigation is underway by the State GST team.