Jamshedpur: The Directorate General of GST Intelligence (DGGI), Jamshedpur regional unit, has arrested a scrap trader for his alleged role in a fake GST invoicing racket involving fraudulent transactions worth nearly Rs 100 crore, agency sources informed on Thursday. Ajay Sharma, 45, a resident of Baridih under Sidhgora police station limits, was arrested by DGGI…
Malay RayRourkela: The Directorate General of GST Intelligence (DGGI), Rourkela regional unit, has unearthed a Rs 50 crore fake input tax credit (ITC) racket involving the creation of bogus GST firms and issuance of invoices without actual supply of goods or services. The agency arrested the alleged mastermind, Pinku Parida (26) of Remed in Sambalpur…
Varanasi: Azamgarh police on Sunday busted an organised network of fake GST billing and tax evasion, causing revenue loss of Rs. 4.08 crore to state exchequer by creating fake GST bills through bogus firms. Police arrested three accused for illegally obtaining ITC benefits by registering bogus firms through forged documents, fake rent agreements and misuse…
GST scam, representational image Ludhiana: Central investigators have exposed a massive ₹3,089 crore financial fraud syndicate operating a complex network of phantom firms, fraudulent tax invoicing, and suspicious cash withdrawals.The Enforcement Directorate (ED) filed a first-information report (FIR) at the Jamalpur police station targeting masterminds Amit Kumar Goyal and his brother Manish Kumar, alongside accomplices…
GST scam, representational image Ludhiana: Police have registered FIRs against nine firms and their proprietors for allegedly using forged documents and fabricated data to secure fake GST registrations.The action follows an extensive audit by state tax officials, who uncovered a systemic network of businesses claiming fraudulent Input Tax Credit (ITC) via fake invoices. Authorities confirm…
DGGI busts Rs72cr fake ITC racket; Hyd man arrested Hyderabad: The Directorate General of GST Intelligence (DGGI), Hyderabad, has busted a fake invoice racket in the battery scrap sector involving multiple bogus GST entities that allegedly generated fake invoices and e-way bills for metal scrap supplies to fraudulently avail and pass on input tax credit…
