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GST Officers Bust Syndicate Availing Rs 645 Cr In Fake Input Tax Credit, Arrest One

This included 162 mobile phones, probably used to get OTPs for GST/banking purposes, 44 Digital signatures and over 200 cheque books of various firms

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PTI
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GST Fraud Investigation Photo: AI
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Summary

Summary of this article

  • DGGI busts Rs 645 crore fake GST input tax credit racket.

  • 229 bogus firms created to issue fake invoices without real supply.

  • Raids recover 162 phones, 44 digital signatures, and 200 cheque books.

  • Finance ministry says Delhi-based syndicate used fake registrations for ITC fraud.

GST officers have uncovered a city-based syndicate involved in fraudulently availing ITC (input tax credit) worth Rs 645 crore through a web of 229 bogus GST registered firms, the finance ministry said on Thursday.

Directorate General of GST Intelligence (DGGI), Delhi Zonal Unit, conducted coordinated search operations at multiple premises across the city, unearthing huge cache of incriminating documents, digital devices, and ledgers that established the operation of non-existent firms engaged in issuing invoices without actual supply of goods or services.

This included 162 mobile phones, probably used to get OTPs for GST/banking purposes, 44 Digital signatures and over 200 cheque books of various firms.

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