The Delhi zonal unit of the directorate general of goods and services tax (GST) intelligence (DGGI) has uncovered a large-scale racket involving fraudulent availment and passing of input tax credit (ITC) valued at around Rs645 crore. According to an official release, officers detected a network of 229 dummy GST-registered firms that were allegedly set up and controlled by a Delhi-based syndicate to generate fake invoices without any actual supply of goods or services. The operation began after DGGI received credible information about the suspected tax evasion network. Acting on the tip-off, teams carried out coordinated search operations across multiple locations in Delhi. During the raids, officers seized a substantial cache of incriminating evidence, including digital devices, ledg
Rs645 Crore GST ITC Scam: Syndicate Used 229 Bogus Firms, Delhi Kingpin Arrested
Moneylife7 hrs ago
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