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City traders held for ₹50 cr GST fraud
Hindustan Times Ranchi
|June 26, 2025
The Jamshedpur regional office of the Directorate General of GST Intelligence (DGGI) arrested two Ranchi-based traders on charges of GST evasion worth ₹50 crore through input tax credit benefits in lieu of bogus transactions worth ₹250 crore via fake invoices and about a dozen shell companies, officials close to the development said on Wednesday.
JAMSHEDPUR: The Jamshedpur regional office of the Directorate General of GST Intelligence (DGGI) arrested two Ranchi-based traders on charges of GST evasion worth ₹50 crore through input tax credit benefits in lieu of bogus transactions worth ₹250 crore via fake invoices and about a dozen shell companies, officials close to the development said on Wednesday.
"Ranchi-based Amaron battery franchisee Kumar Luv Agrawal and old battery trader Gul Bahar Malik were arrested on Tuesday evening on charges of GST evasion of ₹50 crore through input tax credit (ITC) in lieu of fake invoices worth ₹250 crore and about a dozen shell companies. Gul Bahar Malik alone has evaded ₹10 crore in GST. At the same time, Luv Agrawal, along with a few more businessmen, has caused a loss of ₹40 crore in GST to the government exchequer," a senior DGGI official told HT on Wednesday.
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