Photo Source; Babushahi Bureau
Six business entities in Mandi Gobindgarh allegedly involved in Rs 647 crore illegal sales; Rs 116 crore GST evasion detected
DGGI Ludhiana arrests three Key individuals said to be controlling the Firms
Ravi Jakhu
Ludhiana (Punjab), May 3, 2025: The Directorate General of GST Intelligence (DGGI), Ludhiana, has reportedly unearthed a massive case of tax evasion involving six business entities based in Mandi Gobindgarh, Fatehgarh Sahib district, Punjab.
These firms are suspected of carrying out illegal sales amounting to Rs 647.4 crore, resulting in an alleged GST evasion of Rs 116.5 crore.
As per PIB press release, the entities under investigation include M/s Bharat Steel Industry, M/s Ramji Concast, M/s AKM Alloys, M/s KTB Alloys, M/s Shree Salasar Balaji Steel Tubes, and M/s Shree Salasar Steel Tubes & Co. All are involved in the manufacturing of billets and the trading of steel pipes.
During the investigation, DGGI Ludhiana reportedly seized numerous pieces of incriminating evidence.
According to officials, this evidence has been corroborated by voluntary statements allegedly made by partners and employees of the companies. The firms are suspected of being involved in the clandestine removal of goods worth ₹388.8 crore, allegedly leading to GST evasion of ₹69.8 crore. Additionally, the firms were allegedly engaged in fake invoicing worth ₹258.5 crore, enabling fraudulent availment and utilization of Fake Input Tax Credit (ITC) from non-existent or fictitious entities—amounting to further evasion of ₹46.5 crore.
On May 2, 2025, DGGI Ludhiana arrested three individuals who allegedly owned and controlled the said business entities. The arrested persons have been remanded to judicial custody pending further legal proceedings.
The DGGI, operating under the Ministry of Finance, Government of India, is the country’s premier agency for detecting and investigating GST evasion. Leveraging advanced data analytics and a nationwide intelligence network, the agency continues to target complex tax evasion schemes and bring alleged violators to justice.