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Chhattisgarh GST Raids on Vicky Jain-Linked Coal Firms Yield Rs 27.5 Crore Surrender

Officials cite suspected input-tax manipulation, with the probe continuing under state direction.

Overview

  • State GST enforcement teams from Raipur conducted simultaneous searches on December 12 at 11 locations in Bilaspur tied to Mahavir Coal Washery, Feel Coal, and Paras Coal & Beneficiation.
  • Officials said the operations resulted in tax surrender and deposits totaling Rs 27.5 crore across three coal trading groups.
  • During the searches about Rs 10 crore was surrendered, a further Rs 11 crore was deposited the next day, and another washery surrendered Rs 6.5 crore.
  • The action was initiated on the directions of State GST Secretary Mukesh Bansal, and preliminary findings point to suspected manipulation of input tax claims.
  • No criminal charges have been announced in the reporting, and the case has drawn attention because the firms are associated with businessman Vicky Jain, husband of actor Ankita Lokhande.