DGGI Arrests Two Masterminds in Rs 700 Crore Fake Billing GST Fraud

The Directorate General of GST Intelligence (DGGI) arrested two masterminds, Manish and Amit, for orchestrating a Rs.700 crore fake billing GST fraud. They created fictitious firms to generate fake invoices and fraudulent input tax credit (ITC) claims, resulting in tax losses exceeding Rs. 100 crores. The fraud involved identity theft and the creation of numerous shell companies. The authorities seized multiple electronic devices and documents during raids. The brothers admitted to the fraud and were arrested on October 9, 2024. The DGGI is intensifying efforts to track down other entities involved in similar tax evasion schemes, highlighting the growing issue of fake billing in the region.