Quick Summary
The Central Goods and Services Tax (CGST) authorities in Chennai have unearthed an inter-state fake GST invoice racket operating across Tamil Nadu and Karnataka. The preliminary probe has already confirmed tax evasion of Rs 50.85 crore, involving 12 entities concentrated in northern parts of Chennai
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FAQ :
The CGST authorities in Chennai have uncovered an inter-state fake GST invoice racket operating across Tamil Nadu and Karnataka.
The preliminary probe has confirmed tax evasion of Rs 50.85 crore, with officials believing the overall GST evasion could cross Rs 350 crore.
The CGST investigation team relied heavily on digital footprint analytics, including IP address-based correlation of GST returns.
The prime suspect, who was running an unregistered tax consultancy named M/s A.S. Associates, has been arrested.
The accused allegedly used fake Aadhaar cards to open bank accounts and set up fictitious companies to generate fake GST invoices for clients to claim Input Tax Credit fraudulently.
Dozens of mobile phones, fake rubber stamps, cheque books, and forged documents were seized.
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