Meerut (UP), Apr 6 (PTI) Police in Meerut district have arrested a member of a gang, unearthing a multi-crore GST fraud racket, officials have said.

The accused had amassed input tax credit (ITC) by generating fake invoices through fictitious firms, causing a revenue loss of about Rs 17 crore to the government, police said on Sunday.

Investigation revealed that members of the gang used fake Aadhaar and PAN cards to set up companies and evaded taxes by filing fraudulent GST returns. Furthermore, they resorted to tax evasion through the manipulation of e-way bills.

Acting on a tip-off and technical evidence, police arrested Wasim Akram alias Monu (38), of Uttar Pradesh's Ghaziabad district. During interrogation, he confessed to having committed fraud through fake firms in collusion with his accomplice.

Police said that efforts are on to nab the other accused involved in this case. PTI COR NAV AMJ AMJ

GST fraud racket exposed through fake firms, false invoices, and e-way bill manipulation linked to tax evasion. Police in Meerut district unearthed a GST fraud racket involving fictitious firms, fake invoices, and wrongful accumulation of input tax credit. The gang allegedly used fake Aadhaar and PAN cards to set up companies, filed fraudulent GST returns, and manipulated e-way bills to evade tax and cause a revenue loss of about Rs 17 crore. One accused was arrested on the basis of a tip-off and technical evidence, and the investigation disclosed collusion with an accomplice and other persons involved in the racket.