Five Arrested in Etawah for Rs 7.03 Crore GST Fraud

• Uttar Pradesh Police arrested five members of an organized gang involved in large-scale GST evasion.
• The fraud, amounting to a revenue loss of Rs 7.03 crore, involved creating shell firms and issuing fake tax invoices.
• Accused used fake invoices to illegally generate and pass on input tax credit (ITC) without actual supply of goods.
• Police recovered a laptop, fake GST invoices, e-bills, and an unregistered car during searches.
• Investigation revealed firms like M/s ML Builders and M/s Bharat Building Material issued fake invoices, and a special investigation team is tracing money trails.

Why It Matters: Five arrested in Etawah for a Rs 7.03 crore GST fraud involving fake firms and invoices.