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The GST Chennai Outer Commissionerate arrested a man from Ambur on Saturday for allegedly orchestrating a massiveITC fraud worth Rs 11.90 crore, officials confirmed. According to authorities, the accused had obtained multiple GST registrations using forged documents and fictitious addresses. "He floated dummy firms that issued bogus tax invoices without any actual supply of goods or services. These invoices were then used by businesses to fraudulently claim ITC, with the accused collecting comm
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FAQ :
The total value of the Input Tax Credit (ITC) fraud busted by GST Chennai was Rs 11.90 crore.
The arrest took place in Ambur.
The fraud was carried out by obtaining multiple GST registrations using forged documents and fictitious addresses. Dummy firms were floated to issue bogus tax invoices without actual supply of goods or services, which were then used by businesses to fraudulently claim ITC.
The invoice value associated with the fraudulent ITC was Rs 238 crore.
All firms that availed the fraudulent credits have been identified, and further legal action is being initiated against them.
Such fraudulent activities lead to revenue loss for the government and undermine the integrity of India's GST system.
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