DGGI arrests Mastermind of Alleged Rs. 8000 Cr GST ITC Fraud at Pune, Maharashtra

The Directorate General of GST Intelligence (DGGI) arrested the mastermind behind an alleged ₹8,000 crore GST Input Tax Credit (ITC) fraud in Pune, Maharashtra. The operation involved creating fake firms to claim fraudulent ITC. The investigation began in October 2023, uncovering suspicious transactions linked to a digital account. The accused, Mohammed Riyaz Uddin, orchestrated the scheme using fake invoices and e-way bills without any genuine supply of goods or services. Approximately 2,600 fake invoices and five rubber stamps were seized during the raid. The fraudulent activities resulted in a significant loss to the exchequer. The DGGI’s efforts highlight the ongoing battle against GST fraud and the importance of stringent measures to prevent such activities.