Multi-state ED raids in Rs 10k cr VAT scam case

The Enforcement Directorate (ED) conducted searches in Haryana and Punjab linked to a ₹10,618 crore VAT scam. The agency alleges that a syndicate, including Amit Bansal and others, falsely claimed interstate sales of goods without actual movement. They obtained fraudulent refunds through false input tax credits using "C" forms. The entities involved were often registered at premises owned by syndicate members. The scam was allegedly facilitated by Excise and Taxation Department officers, including Gopi Chand Chaudhary and Narender Kumar Ranga.

from News-Economic Times https://ift.tt/56h7Esc