Jabalpur – The Directorate General of GST Intelligence (DGGI), Jabalpur Regional Unit, has uncovered a massive GST evasion racket involving the illicit issuance of fake invoices and fraudulent transactions of Input Tax Credit (ITC). The scam has exposed financial irregularities exceeding Rs 335 crore in bogus billing.
Rs 58 Crore Fraudulent ITC Uncovered
The investigation revealed that the network generated over Rs 58 crore in fraudulent ITC through these fabricated invoices, causing significant revenue loss to the government. The main perpetrator was promptly arrested following an immediate raid by the DGGI team, which recognized the severity of the financial crime.
Expanding Probe Targets More Firms
Authorities are currently interrogating the alleged mastermind and scrutinizing several other firms suspected of involvement. According to sources, more individuals and entities have come under the agency’s radar and are expected to be exposed. The accused is reported to have issued invoices in the name of numerous shell companies that conducted no actual business, confirming the sophisticated nature of the tax evasion scheme.
