GST Fraud Worth Nearly 500 Crore Uncovered in Guwahati
GUWAHATI: The Directorate General of GST Intelligence (DGGT), Guwahati Zone, has uncovered a massive Goods and Services Tax (GST) fraud amounting to nearly ₹500 crore. Four individuals have been arrested in connection with the operation, which was being conducted from multiple locations in Beltola.
According to reports, the arrested individuals have been identified as Gaurav Agarwal, Derpak Agarwal, Vinod Agarwal, and Guddu Singh. Officials stated that the group was allegedly running a pan-India fake billing syndicate with links to illegal drug plants in Meghalaya and Arunachal Pradesh. The network extended its operations to Assam, West Bengal, and Delhi.
Investigators revealed that the accused floated several shell companies through which they generated fake invoices. These fraudulent transactions were aimed at evading GST and laundering profits. Acting on specific intelligence inputs, DGGT officials reportedly conducted simultaneous raids at nearly ten locations in and around Beltola. Residences and offices belonging to the accused were searched, leading to the recovery of crucial documents and digital evidence.
The estimated fraud reportedly stands at around ₹500 crore, though this figure could rise as the investigation continues. The four accused have been booked under relevant provisions of the GST Act, and are currently being interrogated to trace the wider nexus behind the racket.
