GST Chennai Busts Rs 11.90 Crore ITC Fraud in Ambur

GST authorities in Chennai busted an ITC (Input Tax Credit) fraud involving Rs 11.90 crore in Ambur, Tamil Nadu. The fraud involved bogus invoice generation and fake transactions defrauding the exchequer by claiming fake input credits. Tax officials conducted raids and investigations on a network of traders and companies involved in creating fake sales and purchases. The seizure of documents, electronic devices, and financial records has unraveled the modus operandi. This crackdown aligns with the government’s intensified efforts to plug tax leakage and enhance GST compliance through rigorous enforcement and robust technology-enabled audits.