DGGI Arrests Four in Rs 293 Crore Fake ITC Scam Across Multiple States

The Directorate General of GST Intelligence (DGGI) recently arrested four individuals involved in a Rs 293 crore fake Input Tax Credit (ITC) scam across multiple states. The accused were allegedly involved in generating fraudulent ITC claims through fictitious invoices, evading GST payments by creating fake transactions and diverting the funds across shell companies. The operation spans across cities like Delhi, Gujarat, and Maharashtra. The scam resulted in the creation of false credit in the GST system, impacting the country’s revenue collection. The authorities have initiated investigations into various firms associated with the fraudulent activities and are tightening their crackdown on GST evasion networks to prevent further financial loss.