CGST Ludhiana arrests businessman involved in bogus billing worth Rs 252 crore via 14 firms

LUDHIANA: Tuesday was the day of raids in Ludhiana as three different departments including Centre GST (CGST) commissionerate, state GST department and directorate general of

GST Intelligence

(DGGI) undertook several anti-evasion operations.

In one of the major action, CGST arrested a businessmen who was running 14 firms in his and his family members name. The accused has been found involved in bogus billing amounting to Rs 252 crore by the department and had usurped GST worth Rs 17.65 crore.

Department busted this case by using latest technology called

business intelligence

and fraud analytics (

BIFA

) through which detailed analysis of the business transactions done by this firm was done. CGST action on several other firms is continuing while SGST action ended yesterday evening and three businessmen were arrested for indulging into bogus billing. As far as DGGI action is concerned, details about the action could not be ascertained till the filing of this news.

Meanwhile divulging information on CGST action,

Ashutosh Baranwal

, principal commissioner CGST commissionerate Ludhiana said, “The anti-evasion wing of the CGST commissionerate during the course of an investigation caught hold of a person namely

Sahil Jain

who was operating 14 firms in his name or in the name of his family members and friends. These firms had issued invoices without actual supply of goods to the tune of Rs 252 crore involving a GST of Rs 17.65 crore. A recovery of Rs. 1.23 crore has been already made in this case and in his statement he accepted his role . We have also counter checked three firms through latest BIFA tool. He has been put under arrest and was produced in a court which has sent him to 14 day judicial custody.”

Baranwal also added, “BIFA as a tool has been developed by GSTN. It gives a graphic detail with entire diagrams and tables of inward and outward supply chains of a GSTN/business entity in real time, year wise . We can check pan country supply chain of any business entity . This tool has come really handy in investigation in present case. BIFA gives a gist of GSTR 3 B,2 A,& 1 along with e-way bill’s details at one place”