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GST fraud worth Rs 900 crore busted

GST fraud worth Rs 900 crore busted

Posted On : Thursday, December 26, 2019, 6:45 PM
A GST fraud of a whopping Rs 900 crore in which input tax credit to the tune of Rs 152 crore was availed in Tamil Nadu has been busted, a top official of the Directorate General of Goods and Service Tax Intelligence said. In one of the major operations, the sleuths of DGGI, Chennai Zonal Unit (CZU), carried out a search on 19 and 20 December at multiple premises in the state and unearthed the fraud of about Rs 900 crore. A string of firms was created and GST registrations were done for them using identity documents of gullible people, Principal Additional Director General, CZU, DGGI, K Anpazhakan, said in an official release. Fake invoices were issued by such fictitious firms and fraudulent input tax credit of around Rs.152 crore was availed by various firms, he said.
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