TaxTMI 
TaxTMI 
CGST Ludhiana unearths Rs 260 cr fake billing scam in iron, steel sector; 2 arrested
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....GST Ludhiana unearths Rs 260 cr fake billing scam in iron, steel sector; 2 arrested<BR>GST<BR>Dated:- 25-7-2025<BR>PTI<BR>Chandigarh, Jul 25 (PTI) Based on specific intelligence, the officers of Centr....
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....al Goods & Services Tax Commissionerate, Ludhiana, conducted multiple search operations at Mandi Gobindgarh unearthing a syndicate involved in availing and passing on fake Input Tax Credit (ITC) in th....
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....e iron and steel sector using five firms. CGST Ludhiana conducted multiple search operations at Mandi Gobindgarh, district Fatehgarh Sahib, Punjab. During the search operations, the officers uncov....
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....ered a modus operandi involving the acquisition of debt-ridden rolling mills, which were used as fronts by scamsters to avail and pass on fake ITC, thereby evading the scrutiny of GST enforcement agen....
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....cies, an official statement said on Friday. Following the search operations, two individuals who were operating and controlling these firms were arrested on July 24. "As per the preliminary assess....
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....ment, the quantum of bogus bills stands at a staggering Rs 260 crore, resulting in a GST loss of Rs 47 crore to the exchequer," it said. With the two arrests made so far, the investigation is ongoin....
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....g to uncover the full extent of the network and identify other entities involved. The statement said CGST Ludhiana Commissionerate reaffirms its commitment to detecting tax frauds and ensuring a lev....
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....el playing field for honest taxpayers. PTI SUN DRR<BR> News - Press release - PIB....