The Enforcement Directorate (ED) has uncovered a massive GST Input Tax Credit (ITC) scam worth over ₹734 crore spread across Jharkhand, West Bengal, and Maharashtra. The raids, which began on August 7, continued on Friday in Navi Mumbai, where crucial documents were seized from the premises of Anshu Malik.
Investigations revealed that the syndicate used a hawala network and shell companies to create fake invoices for scrap and other goods, claiming crores in GST credit. Shockingly, the truck numbers listed in the documents for transporting scrap turned out to be motorcycles—one registered in Tamil Nadu and the other in Moradabad, Uttar Pradesh.
Members of the syndicate bypassed the e-billing system and prepared forged documents to show the sale of iron, coal, and other goods, later selling GST bills for commissions. The ED is now working to trace all the links in this racket.
