GST fraud: Four booked for setting up fake firms, claiming ₹22.06 crore ITC

A case has been registered against four persons in Maharashtra's Thane district for allegedly creating fake GST-registered firms and claiming input tax credit of more than ₹22.06 crore, police said on Sunday.

Based on a complaint lodged by an official from the State Goods and Services Tax (SGST) department, the police in Kalyan on Thursday registered a case against Nikhil Gaikwad, owner of Dynamic Enterprises, Noor Mohammad Vasim Pinjari, Navnath Sukrya Gharat, and an individual identified as Sarfaraj, and a few others.

“Between April and August this year, the accused prepared false documents for a company by submitting this false information to the government and obtained a registration certificate under the GST Act,” an official from the MFC police station said.

The accused allegedly created eight fake companies and managed to claim ₹22.06 crore in ITC, he said.

The accused have been booked under sections 111 (organised crime), 316 (criminal breach of trust), 318 (cheating), and 320 (dishonest or fraudulent removal or concealment of property), alongside relevant provisions of the Maharashtra Goods and Services Tax Act, 2017, but no arrests have been made so far, the official said.

Published on December 21, 2025