GST Fraud Case: EOW Arrests Accused for ₹10.68 Crore Tax Evasion

The EOW has arrested Junaid Saifi in Muzaffarnagar over an alleged ₹10.68 crore GST fraud involving fake invoices, forged documents and fraudulent ITC claims.

The Economic Offences Wing (EOW) has arrested a wanted accused in Muzaffarnagar in connection with an alleged GST fraud involving tax evasion of around ₹10.68 crore.

According to officials, the arrest was made on June 12 by the Meerut sector team of the EOW as part of a special campaign against absconding accused persons being carried out under the direction of DG EOW JN Singh.

The arrested accused has been identified as Junaid Saifi, a resident of Jahangir Patti, Meerut Road, Muzaffarnagar. He was reportedly wanted in a case involving allegations of cheating, forgery, criminal breach of trust and criminal conspiracy, along with offences under the IT Act and GST Act.

As per the EOW, Saifi allegedly registered and operated a firm named M/s Shri Rajkamal Traders by using forged documents and false representations. The firm, which was shown to be functioning near the 8-km stone on Meerut Road, was allegedly used for GST evasion and for passing on fraudulent input tax credit to other entities.

Officials alleged that Saifi, in his capacity as proprietor, acted in coordination with others to prepare fake invoices and related documents. These documents were allegedly used to claim or transfer ineligible ITC while concealing actual tax liabilities.

The investigation has estimated the alleged GST evasion at approximately ₹10.68 crore. The FIR was registered after authorities found that the firm had allegedly been created on the basis of forged records for carrying out tax fraud. During the probe, investigators reportedly found evidence indicating Saifi’s involvement in a wider conspiracy.