Quick Summary
The Directorate General of GST Intelligence (DGGI), Bhubaneswar Zone, has unearthed a massive GST fraud involving fraudulent input tax credit (ITC) claims worth over Rs 100 crore. A businesswoman from Rourkela has been arrested for allegedly operating 27 shell companies to generate fake invoices and e-way bills. According to an official statement released by the DGGI on Thursday, the fraud came to light during an inspection of a Cuttack-based firm. Based on leads gathered during the inspection,
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FAQ :
The fraudulent input tax credit (ITC) claims and bogus transactions involved in the fraud exceed Rs 100 crore.
A total of 27 shell companies were allegedly operated by the arrested businesswoman.
The shell companies were used to generate fake invoices and e-way bills to illegally claim input tax credit (ITC), with no real business activity conducted.
The fraud came to light during an inspection of a Cuttack-based firm, which led to further investigations and a search of the accused's residence.
Incriminating evidence seized included fake company seals, mobile phones, and documents related to benami entities.
No, the investigation is ongoing. Officials are tracking the network of bogus entities to identify more beneficiaries and co-conspirators, with further arrests and recoveries expected.
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