Company only on paper and Rs 39 crore in pocket? This GST scandal of Dhanbad baffled even the department

News India Live, Digital Desk: Nowadays, while a common man is busy in keeping track of every penny, in Dhanbad a person has built an ‘air palace’ worth crores which had no existence on the ground. The team of Central GST (CGST) has caught such a fraud where the government was being fooled by using only papers.

‘Ghost’ business worth Rs 214 crore!
When the GST department became suspicious, they started investigation. He came to know that there are some firms which are selling goods to each other indiscriminately. But when those addresses were visited, there was neither any office nor any warehouse there. this business on paper Rs 214 crore Was shown. The surprising thing is that not even a single kilo was actually transacted, only ‘fake invoices’ were issued.

How did the theft of Rs 39 crore happen?
Now you must be thinking that what is the benefit to anyone by showing business only on paper? The real game is of ‘Input Tax Credit’ (ITC). Through this fake business the accused made almost GST of Rs 39 crore Claimed or rather evaded tax. When the officers analyzed the data, the links started getting connected and this big syndicate was exposed.

use of innocent people
The scariest part of this fraud is that for this the documents (Aadhaar and PAN card) of people who were not even aware of this game were used. Firms were formed in the name of poor laborers or small-time workers. This makes it clear how dangerous it can be to give your papers to a stranger.

promptness of officers
This action of Dhanbad GST Department is a strong warning to those fraudsters who think that they can get away with the online system. The department is now keeping an eye on every fraudulent transaction through digital tracking. At present, raids are going on to nab the main accused and names of many white-collared people may also appear in this list.

This news has once again proved that no matter how big the path of crime seems, in the end the hands of the law reach there. Be safe and never give your important documents to any stranger.