GST 'fraud': ED claims MNCs benefitted from fake ITC worth crores
GST
Dated:- 12-9-2025
PTI
New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that “big MNCs” were benefiting from these illegal transactions.
The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana.
The raids were undertaken in connection with a multi-crore fake ITC fraud following registration of a case under the Prevention of Money Laundering Act (PMLA), it said in a statemen
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ts and recovery of incriminating records, exposing systematic misuse of the GST framework through bogus invoicing, fake e-way bills, and layered fund transfers.
“Primary investigation reveals that fake ITC has been passed to big MNCs for which a detailed investigation is going on,” the ED said.
It claimed “significant” frauds came to light during the searches.
In Arunachal Pradesh, it said, the proprietors of Rainbow Enterprises and A K Enterprises “admitted” to availing fake ITC of over Rs 2 crore each without any actual supply or movement of goods.
Another entity, Tanor Engineering, was found to have “fraudulently” obtained fake ITC of Rs 4 crore.
In Hyderabad, a company named Vinardh Automobiles “admitted” to projecting a “fake” tur
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