In a significant breakthrough in a financial crime probe in Surat, Gujarat, officials from the Directorate General of GST Intelligence (DGGI) have taken jeweller Yatin Shah into custody over alleged large-scale GST evasion. Authorities claim that the accused operated an extensive network of off-the-books transactions involving silver bullion and jewellery sales conducted without proper tax invoices. Preliminary findings indicate that unbilled transactions may have exceeded ₹600 crore over multiple years. Searches carried out at the jewellery store in Choksi Bazaar and at Shah’s residence reportedly led to the recovery of documents that triggered legal proceedings under the Goods and Services Tax (GST) Act.Investigators further revealed that parallel “kachha” records and unofficial challan books were seized during the operation, pointing to systematic efforts to bypass formal accounting procedures. Officials estimate that nearly ₹18 crore in GST may have been evaded through these undocumented cash dealings. The alleged irregularities include bulk silver trades and finished jewellery sales that were not reflected in official returns. Authorities are continuing their investigation to trace transaction trails and examine whether additional parties within Surat’s bullion and jewellery market were connected to the suspected tax fraud.
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