Archive · 25 Jul 2025
CGST Ludhiana Busts Rs 260 Cr Fake Billing Racket, 2 Arrested
Some people were caught doing something sneaky with taxes in the iron and steel business.
They created fake bills to trick the government and avoid paying taxes.
They used old, struggling businesses to help them.
The tax people found out and arrested two people.
They think the fake bills were worth a lot of money, and the government lost a lot of tax money.
The investigators are still looking for more people involved and making sure everyone pays their taxes fairly.
CGST Ludhiana busted a fake billing racket in the iron and steel sector.
The operation took place in Mandi Gobindgarh, Punjab, involving five firms.
The modus operandi included using debt-ridden rolling mills to generate fake ITC.
Two individuals were arrested on July 24, 2025.
Bogus bills worth Rs 260 crore were generated, leading to a GST loss of Rs 47 crore.
- Who
- CGST Ludhiana and two individuals involved in the racket.
- What
- CGST Ludhiana busted a fake billing racket.
- When
- The arrests were made on July 24, 2025.
- Where
- Mandi Gobindgarh, Punjab.
- Why
- To evade taxes and fraudulently claim Input Tax Credit.
Tax Enforcement
Tax Evasion
Tax Compliance
Tax Enforcement
Enforcement agencies working to catch tax frauds.
Tax Evasion
Those involved in tax fraud, using illegal means to evade taxes.
- Sector
- Iron and Steel
- Location
- Mandi Gobindgarh, Punjab
- Number of Firms Involved
- 5
- Date of Arrest
- July 24, 2025
- Estimated GST Loss
- Rs 47 crore
- Bogus Bills
- Rs 260 crore