Quick Summary
In a significant breakthrough, the Directorate General of GST Intelligence (DGGI), Bhubaneswar Zone, has unearthed a massive GST fraud involving bogus input tax credit (ITC) transactions worth Rs 11 crore. Two individuals, including a trader and a commission agent, were arrested on Thursday for orchestrating the fraudulent scheme. Key Details of the Fraud According to officials, the accused used fake invoices and manipulated transactions to claim wrongful ITC, causing substantial losses to t
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FAQ :
The GST fraud busted by the DGGI involves bogus input tax credit (ITC) transactions worth Rs 11 crore.
Two individuals have been arrested: a trader who availed excessive ITC without receiving goods, and a commission agent who arranged fake invoices.
The accused used fake invoices and manipulated transactions to claim wrongful input tax credit, causing losses to the government.
The commission agent's role was to arrange fake invoices for recipients in exchange for a share of the proceeds, facilitating illegal ITC claims.
The investigation is ongoing to trace other individuals involved, identify linked entities, and recover the defrauded amount.
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