In a major crackdown on tax evasion and corporate financial irregularities in Assam’s Barak Valley, the GST Intelligence and Enforcement Unit executed a high-profile raid at the commercial premises of a leading scrap trading firm in Silchar.
The enforcement drive targeted SJMA Kamakhya Steels Pvt. Ltd., located at Shantanalaya near South Point School along the Silchar National Highway. The firm, jointly operated by businessmen Sanjay Jaiswal and Ramsudhar Verma , has reportedly been under official scrutiny for extended GST non-compliance and tax evasion.
Multi-Crore Fake ITC Fraud Uncovered
According to official sources, a specialized enforcement team dispatched from Guwahati swooped in on the business premises in an unannounced operation. Preliminary findings from the investigative team indicate that the enterprise was allegedly involved in a massive fraud scheme centered on fraudulent Input Tax Credit (ITC).
“The taxpayer availed and utilized fake Input Tax Credit amounting to more than ₹5 crore without actual receipt of underlying goods or services,” stated a senior official involved in the probe.
Initial reports reveal that the firm’s scrap trade operations were heavily linked to inter-state movements, with a substantial portion of raw materials sourced from neighboring northeastern states, primarily Manipur and Mizoram. Investigators suspect that forged invoices and artificial transactions were systematically generated to evade sales tax liabilities.
Incriminating Documents and Records Seized
During the multi-hour operation, GST officials thoroughly examined financial ledgers, digital transaction logs, purchase registers, and shipping documents. A significant quantity of incriminating financial records was formally seized for detailed forensic auditing.
Both proprietors, Sudhir Ramsagar Choudhary and Sanjay Jaiswal, are currently facing comprehensive investigations under relevant sections of the Central and Assam State Goods and Services Tax (GST) Acts.
6th Operation in Barak Valley Within a Week
This action marks the sixth major operation conducted by the GST Intelligence and Enforcement Unit in the Barak Valley region over the past week alone. The ongoing series of raids highlights an escalated crackdown by state tax authorities targeting fraudulent ITC claims, bogus billing networks, and cross-border trade loopholes across Assam.
Department officials have confirmed that surveillance has been stepped up across commercial hubs in the region, and further raids are expected in the coming days to curb revenue leakage.
