DGGI Nagpur busts fake GST invoice racket; arrests one person from Jalgaon
The Directorate General of GST Intelligence (DGGI) said it has busted fraudulent transactions of Rs 500 crore committed by 18 entities, including fake input tax credit (ITC) of Rs 46.50 crore on fake invoices and arrested one person from Jalgaon on Wednesday. The searches were conducted by the Nagpur zonal unit of the DGGI at multiple places covering diverse industrial sectors across Mumbai, Pune, Nashik, Jalgaon.
The probe revealed that many of these entities, which were trading in a wide variety of taxable goods ranging from spices and Areca nuts to cement and iron and steel products, were found to be non-existent or non-business residential properties, the release said.
These companies had uploaded fake and forged documents like electricity bills and rental agreements on the GST portal as proof of business addresses, and availed Input Tax Credit without receipt of any goods, the DGGI said.
The accused was arrested and produced before a special court. The accused has been remanded in judicial custody till March 19.