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Informative

Tax-Officer and Lawyer-Trio shell in Rs. 54 Cr GST through 500 Bogus Firms

Update / Judgement Date

13 Aug 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

GSTMoney Laundering (PMLA)

A tax officer and two lawyers were implicated in a massive Rs 54 crore GST fraud involving 500 bogus firms. The trio orchestrated a scheme to generate fake invoices and claim fraudulent Input Tax Credit (ITC). The scam highlights vulnerabilities in the GST system, prompting authorities to enhance vigilance and tighten regulations. The case is under investigation, with authorities pursuing legal action against those involved.