Surat Police Arrest Two Individuals for GST Fraud Using Bogus Firms

• The Surat Police Economic Offences Wing has arrested two individuals for GST fraud.
• The individuals, Shoban Kureshi and Umang Patel, purchased bogus firms to take advantage of illegal input tax credit (ITC) of GST.
• The investigation revealed that fake stamps of an advocate were used to obtain GST registration for the firms.
• Kureshi bought a firm called ‘Ketan Enterprise’ from Imran Meman, who had created another firm called ‘Shah Enterprise’ and sold it to Dharmesh Gandhi.
• Patel later purchased the firm from Gandhi.
• Both Kureshi and Patel conducted transactions worth crores to benefit from illegal ITC.
• Meman is the mastermind behind these bogus firms, using bogus documents and stamps to create them and sell them for a price.
• The scamsters would keep the turnover under Rs 5 crore to avoid scrutiny from the GST department.

Source: a2ztaxcorp.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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