In a major crackdown on tax evasion, officers of the CGST Commissionerate, Ludhiana, have busted a massive fake GST invoice racket involving transactions worth Rs 455 crore.
According to an official statement issued on Thursday, searches were conducted at multiple locations based on specific intelligence inputs. The investigation revealed that three interlinked firms were engaged in generating bogus invoices and fraudulently availing ineligible Input Tax Credit (ITC) worth Rs 69.41 crore to offset their GST liabilities.
During the operations, the department arrested two individuals - a father and son duo - who were allegedly operating and controlling the firms at the center of this racket. Both were produced before the magistrate and remanded to judicial custody under provisions of the Central GST Act, 2017.
Authorities confirmed that further investigations are underway to trace the complete network of fraudulent entities and identify other beneficiaries of this large-scale GST scam.
This development underscores the government's intensified efforts to curb GST fraud and protect revenue leakage through the misuse of fake invoices.
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