Quick Summary
The Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, has arrested Maddi Prasad in Karnataka for his alleged involvement in a massive GST fraud case. Authorities claim Prasad orchestrated a bogus invoicing scam worth Rs 171.45 crore, leading to a tax evasion of Rs 30.85 crore. Following an extensive probe, tax officials discovered that Prasad had generated fraudulent invoices for the supply of non-existent goods. These invoices were used to falsely claim input tax cred
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FAQ :
The bogus invoicing scam is valued at Rs 171.45 crore.
The alleged tax evasion amounts to Rs 30.85 crore.
Maddi Prasad has been arrested by the DGGI.
The fraud was committed through a bogus invoicing scam, generating fake invoices for non-existent goods to falsely claim input tax credits.
The arrest was made under Section 69 of the CGST Act, 2017.
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