Goods & Service Tax (GST) 26 July 2026
GST Fraud Uncovered
Authorities have arrested two startup founders and two chartered accountants in Gurugram for allegedly perpetrating a GST fraud worth around 200 crore, the fraud involved creating fake invoices to claim input tax credit, resulting in significant losses to the national exchequer, the accused allegedly created fake invoices and used them to fraudulently claim input tax credit, causing an estimated loss of around 200 crore to the national exchequer
The startup founders and chartered accountants created fake invoices to claim input tax credit.
- The fake invoices were used to claim tax credits
- The alleged fraud resulted in an estimated loss of around 200 crore to the national exchequer
The accused were arrested in Gurugram for allegedly perpetrating the GST fraud, the fraud was uncovered after an investigation by the authorities, the exact details of the fraud and the parties involved are still being investigated
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