Quick Summary
The Directorate General of GST Intelligence (DGGI), Bhubaneswar Zonal Unit, has arrested a Mumbai-based Chartered Accountant, Nilesh Yogesh Jigiwala, for his alleged involvement in a massiveGST fraud exceeding Rs 325 crore. According to DGGI officials, Jigiwala was the mastermind behind an elaborate network of shell companies that were used to generate and pass on fraudulent ITCto multiple entities across the country. Preliminary investigations suggest that he was operating a web of over 105 fa
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Nilesh Yogesh Jigiwala, a Chartered Accountant from Mumbai, has been arrested by the DGGI.
The fraud is alleged to exceed Rs 325 crore.
He is accused of being the mastermind behind a network of fake companies used to generate and pass on fraudulent Input Tax Credit (ITC).
Preliminary investigations suggest he operated a web of over 105 fake and benami firms.
The DGGI has intensified its nationwide drive against fake invoicing and ITC fraud under the GST 2.0 compliance framework.
He was apprehended in Mumbai and subsequently brought to Bhubaneswar for interrogation.
CAclubindia
