Quick Summary
In a major crackdown on GST fraud, the Directorate General of GST Intelligence (DGGI) has arrested two key players, Manish and Amit, residents of Gurmukh Singh Colony, Mandi Gobindgarh, in connection with a fake billing scheme worth over ₹700 crores. The elaborate fraud, orchestrated through identity theft, involved the creation of fictitious firms to generate fake invoices and fraudulent input tax credit (ITC) claims, resulting in tax losses exceeding ₹100 crores. Investigating authorities sai
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FAQ :
Two individuals, Manish and Amit, have been arrested by the Directorate General of GST Intelligence (DGGI).
The fake billing scheme was worth over ₹700 crores (£700 million).
They orchestrated the fraud through identity theft, creating fictitious firms to generate fake invoices and fraudulent input tax credit (ITC) claims.
The fraudulent activities resulted in tax losses exceeding ₹100 crores (£100 million).
During raids, authorities found 11 mobile phones, 7 pen drives, two laptops, 56 cheque books, 27 identity cards, seven stamps, and 46 ATM cards.
The DGGI is intensifying efforts to track down other entities involved in similar tax evasion schemes and anticipates further arrests.
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