Quick Summary
DGGI HQ books case against 3 firms for issuance of fake invoices without actual supply of goods worth Rs 4,198 crores Directorate General of GST Intelligence (DGGI) Headquarters booked a case on 3rdMarch 2020 against M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited M/s Ganpati Enterprises. The aforesaid companies/ firms are involved in issuance of invoices without any actual supply of goods. This case was detected and developed by officers on further data analytics out of
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FAQ :
The total value of the fake invoices issued is more than Rs 4,198 crores.
The companies involved are M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited, and M/s Ganpati Enterprises.
More than Rs 660 crores in tax amount has been fraudulently passed on as Input Tax Credit (ITC) to buyers of these fake invoices.
Yes, one of the directors of M/s Reema Polychem Private Limited was arrested on 4th March 2020.
DGGI stands for the Directorate General of GST Intelligence, which is responsible for investigating tax evasion and fraud.
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