GST Officers Detect ₹35,132 Crore ITC Fraud Linked to Over 17,000 Fake Firms

GST officers have uncovered an ITC fraud worth ₹35,132 crore linked to approximately 17,000 fake firms. These firms were involved in a large-scale operation of generating fake invoices to claim input tax credit without actually conducting any business. The investigation is ongoing, and the authorities are working to track down the masterminds behind this massive fraud. This case highlights the increasing sophistication of fraudsters in exploiting the GST system and the need for stringent enforcement and scrutiny to safeguard tax revenues.