GST Scam Busted: Hyderabad Firm Fakes Toy Trade to Illegally Avail Rs 6.25 Crore ITC

A GST scam has been busted in Hyderabad, where a firm allegedly faked toy trade to illegally avail ₹6.25 crore in Input Tax Credit (ITC). The Directorate General of GST Intelligence (DGGI) revealed that the company issued fake invoices for toys without actual supply, creating a fraudulent paper trail to claim ineligible ITC. This operation involved shell companies to circulate fake bills, indicating a sophisticated network designed to defraud the exchequer. The crackdown highlights the authorities' intensified efforts to combat such elaborate GST frauds, aiming to protect government revenue and maintain the integrity of the tax system from illicit claims.