Lucknow: The Uttar Pradesh Special Task Force (STF) has achieved a major breakthrough by arresting UP STF Busts Interstate GST Fraud Racket, Five Arrested for Causing Crores in Revenue Lossfive members of an interstate gang involved in large-scale GST evasion through the registration of bogus firms and the generation of fake invoices and e-way bills. The accused are alleged to have caused revenue losses running into crores of rupees to the government.
The arrested accused have been identified as Bideshwar Prasad Pandey, Bablu Kumar, Prince Pandey, Deepanshu Sharma and Jai Kishan. During the operation, the STF recovered several crucial documents and digital records from their possession, which are believed to be key evidence in the ongoing investigation.
According to officials, four of the accused were arrested during interrogation at the STF Field Unit office in Noida, while one accused was apprehended from Bihar, highlighting the interstate nature of the racket.
Preliminary investigations reveal that the gang created multiple fake firms using forged documents and shell entities. These firms were then used to issue fraudulent GST invoices and e-way bills without any actual movement of goods, enabling illegal input tax credit (ITC) claims and large-scale tax evasion.
STF officials said the operation was carried out after receiving specific intelligence inputs about organised GST fraud networks operating across state borders. Further investigation is underway to identify additional associates, beneficiary firms and the total quantum of revenue loss.
The STF has termed the arrests a significant step in curbing organised financial crimes and GST fraud and reiterated its commitment to taking strict action against economic offenders involved in tax evasion and document forgery.
