Noida Tax Bust: 9 Nabbed in ₹637 Cr Bogus ITC Fraud Network

A high-stakes tax evasion empire crumbled in Gautam Buddh Nagar as the State Tax Department raided bogus firms, arresting nine and slapping ₹1,789 crore in demands. The scam’s scale—₹637 crore in fake input tax credits—has jolted the region’s business circles.

Triggered by a dedicated probe, officials conducted meticulous checks and site visits, exposing 80 non-existent companies. Twenty under state GST and 60 under central were pure fabrications, built on doctored documents to perpetrate fraud.

These ghosts polluted the system by passing sham credits to 1,027 firms, with Uttar Pradesh absorbing 455 cases amid a broader national spread. Damage control included blocking ₹78.27 crore and raising primary demands of ₹1,788.99 crore, plus ₹162.89 crore from linked entities.

The Deputy Commissioner hailed the zero-tolerance approach, crediting advanced chain analysis for identifying culprits. FIRs led to swift arrests, but the hunt for top operators continues unabated.

This isn’t isolated; it’s part of a broader war on fiscal crime. Officials vow exhaustive follow-ups, ensuring every thread of the network unravels. Gautam Buddh Nagar’s bold action reinforces India’s push for a cleaner tax regime, where evasion meets its match.