GST Scam: Two Booked for Rs 17 Crore Tax Evasion Using Shell Companies

Two individuals have been booked in a GST scam involving ₹17 crore tax evasion using shell companies. This serious financial fraud highlights the ongoing challenge of illicit activities within the Goods and Services Tax framework. Shell companies are often used to create fake invoices and fraudulently claim Input Tax Credit (ITC). The booking of these individuals signifies the authorities' crackdown on such elaborate schemes, aiming to recover lost revenue and deter tax evasion, reinforcing the need for stricter enforcement and verification mechanisms in the GST regime.