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₹52 cr GST fraud busted in Ahmedabad

Updated: May 24th, 2024

GST Fraud Ahmedabad

The Central Goods and Services Tax (CGST) department in Ahmedabad has unearthed a massive ₹52 cr GST fraud involving fake billing and fraudulent input tax credit (ITC) claims.

The investigation revealed that an individual named Mayur Chablani allegedly  opened bank accounts in his name, and then these accounts were used to receive ITC funds. These funds were then transferred to eight or nine other accounts using RTGS and the money was eventually withdrawn.

CGST officials from the Ahmedabad North office issued a notice to Chablani in this regard. The names of Dinesh Valecha and Hemal Thakkar also figure in the investigations.

Officials stated that after opening an account in Chablani’s name, Thakkar obtained his signature on the chequebook and RTGS forms. It was found that he was using them to transfer funds to other accounts. Reports of this money being transferred abroad have also emerged.

CGST officials have also issued a notice to Chabalani regarding a fake company named M/s AK Enterprise in his name and fake bills issued in the company's name.

The CGST office has also found transactions from AK Enterprise account to other accounts. CGST officials are trying to reach out to other parties involved in the scam. The notice issued by the CGST officials also states that efforts are being made to recover the money from them.