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DGGI Officials bust network involving fake invoices worth more than Rs 4500 crore; 1 held Recently a case was booked by DGGI against some fake firms, which were found non existing at their principal place of business. To trace the real persons behind these fake firms, the physical address from wh
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FAQ :
The fake invoices issued had a taxable value of approximately Rs 4,521 crore.
The Input Tax Credit (ITC) implication of these fake invoices was approximately Rs 741 crore.
The fake firms were found to be providing 'Cloud Storage' services on their servers to customers for maintaining financial accounts.
The syndicate was operating 636 firms.
Yes, the mastermind behind the racket was arrested on 13.01.2022.
GST amounting to Rs 4.52 crore has been deposited, and approximately Rs 7 crore in bank accounts of these firms has been frozen.
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