In MP, the commercial tax department took a big action and caught a big scam. Action has been taken against bogus institutions passing on ITC to other firms by issuing fake bills. The department has caught the supply chain of bogus firms. Bogus turnover of crores of rupees was being done through these firms. Most of the firms did not exist. Raids were conducted at the locations of many firms including Indore, Neemuch.
In this action, a GST fraud of Rs 315 crore was caught. During data analysis, the department found that some firms were doing huge turnover in a short span of time by taking new registrations. During artificial intelligence, geo-tagging and preliminary investigation of business sites, this error was caught. After that the teams of the department raided the locations of many firms simultaneously in Neemuch including Indore. Many firms were found bogus during the raid. That is, there are not any firms, only their names are recorded on the papers. These bogus companies gave the benefit of bogus ITC of Rs 15 crore to other firms by showing the supply of 315 crores of DOC in the return.
Forged signature of Deceased Person
Bogus firms include Shreenath Soya Exim Corporate, Shree Vaibhav Lakshmi Industries, Agarwal Organic – Agarwal Overseas, JS Bhatia Enterprises. When the team reached the given address of these firms, no commercial activities were found there. That is, there is no firm and all the transactions were being done in its name. Of these, M/s Srinath Soya Exim Corporate Firm was in the name of an auto driver Sachin Pateria. Fake rent deed was filed with the application for registration. The owner of that house had died many years ago. Similarly Ajay Parmar, the proprietor of M/s Shri Vaibhav Laxmi Industries, was not found at the place of business. Fake rent deed was also imposed for the registration of the firm. The owner of the business place which was recorded in the rental deed said that I have not given it on rent to any firm. Similarly, Agarwal Organic and Agarwal Overseas were found to be non-existent. The department is taking action against these bogus firms.