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SGST Raids Hapur Scrap Firm: Fake ITC Worth Rs 7.31 Crore Seized From Rs 29.5 Crore Turnover

Summary by Dainik Bhaskar
The Special Investigation Branch (SIB) of the State Goods and Services Tax (SGST) in Hapur has raided a scrap recycling firm in Badarkha, Garhmukteshwar area and unearthed a case of alleged fraudulent input tax credit (ITC) worth crores of rupees. The investigation found the firm's claim of claiming ITC of Rs 7.31 crore by showing a turnover of Rs 29.5 crore suspicious. The department has refunded Rs 50 lakh of ITC as a preliminary action. Accor…
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The Special Investigation Branch (SIB) of the State Goods and Services Tax (SGST) in Hapur has raided a scrap recycling firm in Badarkha, Garhmukteshwar area and unearthed a case of alleged fraudulent input tax credit (ITC) worth crores of rupees. The investigation found the firm's claim of claiming ITC of Rs 7.31 crore by showing a turnover of Rs 29.5 crore suspicious. The department has refunded Rs 50 lakh of ITC as a preliminary action. Accor…

·Bhopal, India
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Dainik Bhaskar broke the news in Bhopal, India on Friday, August 7, 2026.
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