Gurugram trader booked for `50 crore GST fraud

Representational image (Photo: Getty Images)


Haryana excise and taxation department on Saturday lodged a first information report (FIR) against a trader in Gurugram for fraudulently trying to claim input tax credit of over Rs 50 Crore under the Goods and Services Tax (GST).

The excise and taxation minister, Abhimanyu said the department lodged an FIR at Police Station Sardar, Gurugram against a fraudulent registered dealer M/s Vipin Enterprises.

M/s Vipin Enterprises registered at the Shop No. 16, Lal Kothi, Sector-40, Gurugram while in reality a Barbar shop is functioning. The dealer had also submitted a mobile number which is answered by a different person.

Truecaller app shows the number is belonging to Rakesh Arora. The complainant excise and taxation officer has categorically stated that M/s Vipin Enterprises utilised input tax credit of Rs 50,34,04,831 under GST through fraudulent entries. The GST number of the fraudulent dealer has been cancelled.

The firm had also committed bogus transactions under Value Added Tax by making fraudulent claims of input tax credit on intrastate purchases in a web of operations.

He further showed bogus inter-state purchases to obtain ‘C’ forms worth Rs 27.16 Crore from the Department and facilitated the selling firms for concessional rate of tax.

Abhimanyu said that the officers of department and the Tax Research Unit had identified some dealers indulging in these fraudulent activities.

He added that the registration certificate of the firm has already been cancelled under the Haryana GST and Central GST Act to prevent any further fraudulent activity by the dealer.

He added that on the request of the department of excise and taxation, the CM had transferred the investigation of this case, after registration of FIR, to special investigation team of the police which will be assisted by officers from the excise and taxation department so that the culprits can be identified.