Quick Summary
DGGI Belagavi Zonal Unit uncovers fraud involving issuance of fake GST invoices of around Rs. 145 crore and tax evasion of Rs. 43 crore; one arrested The Directorate General of GST Intelligence (DGGI), Belagavi Zonal Unit has registered a case and uncovered a GST fraud involving issuance of fake invoices valued at approximately Rs 145 crore, resulting in alleged tax evasion of about Rs 43 crore. One individual has been arrested in connection with the case. Preliminary findings indicate that
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The DGGI Belagavi Zonal Unit has uncovered fake GST invoices valued at approximately Rs 145 crore.
The alleged tax evasion resulting from this fraud is estimated to be around Rs 43 crore.
Yes, one individual has been arrested in connection with the case.
The fraud involved creating fake GST registrations using forged documents, issuing fake invoices, and fraudulently availing and passing on Input Tax Credit (ITC). Shell entities with no genuine business operations were used to generate these fake invoices and e-way bills.
Officers recovered documents including a mobile phone, forged documents, fictitious Aadhaar cards, and photographs of signboards of non-functional units.
The accused was arrested in Bengaluru and has been remanded to judicial custody for seven days in Belagavi.
CAclubindia
