Chartered Accountant Arrested in ₹210 Crore GST Fraud Case

Meerut: In a significant crackdown on fraudulent Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime, the Directorate General of GST Intelligence (DGGI), Meerut Zonal Unit, unearthed a large-scale fake invoice scam. The operation involved searches across multiple cities, including Delhi, Mumbai, Raipur, Varanasi, and Moradabad, exposing a racket designed to defraud the government of substantial revenue.

Among those arrested is Gaurav Jindal, a 27-year-old chartered accountant, who is accused of orchestrating the fraud. Jindal, who managed GJA Industries Ltd in Delhi, allegedly created fake companies and issued fraudulent invoices exceeding ₹210 crore, resulting in illegal ITC claims worth ₹50 crore.

Senior intelligence officer Devender Kumar revealed that Jindal and his associates set up multiple shell firms using personal or family documents, as well as those of employees, for the sole purpose of generating fake bills without any actual supply of goods. These fraudulent ITC claims were then encashed through IGST export refunds.

Investigators noted that the implicated firms had no physical business operations—no warehouses or actual goods transactions—yet they issued export invoices to claim tax refunds. During the interrogation, Jindal confessed to his involvement and was sent to jail in Meerut on Tuesday.

According to intelligence officer Aishwarya Atri, the DGGI Meerut Zonal Unit has detected over 60 cases of GST duty evasion amounting to more than ₹250 crore in the last year and successfully recovered ₹121 crore.

This case highlights the lengths to which some individuals go to exploit the GST system, emphasizing the need for continued vigilance and strict enforcement.

News Source : “Information for this article was gathered from a variety of reliable news outlets.”