Himanshu Shah Arrested for ₹100 Crore Bogus Tax Credit Scheme
Officials from the Directorate General of Goods and Services Tax Intelligence (DGGI) in Surat have arrested Himanshu Rajnikant Shah of Ahmedabad for a massive tax fraud scheme. Shah is accused of creating bogus bills for goods that were never supplied, allowing him to fraudulently claim over ₹100 crore in Input Tax Credit (ITC).
The investigation began with a tip about Chunara Traders, a supposedly linked company. It was discovered that the owner, Mukesh Ramjibhai Chunara, is likely non-existent, the firm’s registered address is fake, and its GST number has been cancelled.
The probe then uncovered that several construction companies, including Maheshwari, Chamunda, and Dayma Construction, had purchased these fraudulent invoices from Shah. The owners of these companies confessed to the scheme.
Following these admissions, DGGI officials raided Shah’s office, seizing crucial evidence like fake e-way bills and multiple cheque books. Shah has been charged under Sections 132(1)(b) and 132(1)(c) of the CGST Act.