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The Maharashtra GST department on Monday unearthed a fraud involving GST credits worth over Rs 18 crore. The matter is being investigated, based on the detailed analysis of the relevant department. The Investigation Department, Aurangabad Division, has successfully busted a Mumbai-based network of entrepreneurs who created fake bank accounts and GST registrations based on forged documents across India. This was done through several search operations launched in Aurangabad & Mumbai and led by every lead that could be found.
During investigation and enquiry, it was noticed that fake GST registration of non-existent business in the name and form of M/s Farhat Enterprises was obtained at Aurangabad, using fake documents related to location, which was used for issuance. Fake invoice. The registration was presented by Rajkot (Gujarat) company owner Mr. Javed Hasnani. Fake bills worth about Rs. 121 crore is issued to pass the fraudulent GST credit of Rs. 18 billion. In addition, the investigation of the non-existent organization also revealed that a network of fake organizations was created. Founded and operated by Mr. Faisal and Mr. Ajeez. The involvement of more such individuals in the racket is under investigation. It was also revealed that they obtained fake GST registrations on the strength of fake documents and opened and operated bank accounts in the name of those fake entities. During the search of their premises, fake documents like PAN, AADHAR, cover of SIM cards, mobile phones, which are used in fake company registration and opening Fake bank account, recovered. The fake invoices issued by all the companies identified so far, are more than Rs. 500 crore and further investigation into these transactions is underway.
The above-mentioned operatives were arrested by the Aurangabad Enforcement Directorate of the state. GST November 30, in Mumbai. The accused was remanded in judicial custody for 14 days by a session court in Aurangabad.
All these investigations were conducted, under the supervision of Shri. G. Shrikanth, IAS (Joint Commissioner of State Tax (ADM), Aurangabad Division), by Dr. Pravinkumar Rathi (Deputy Commissioner of State Tax, Investigation), Shri.Nitesh Bhandare (Assistant Commissioner of State Tax, Investigation), Shri Prakash Gopnar (Assistant Commissioner of State Tax, Investigation) and a team of STIs/TAs. Shri. Subhash Yengade (Additional Commissioner of State Customs, Nashik Zone) gave his valuable suggestions during this operation.
The Maharashtra GST department this year has arrested 52 people and has taken all possible efforts to track fraudsters indulging in fake invoices to avail input tax credit.

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