Massive GST Scam: 5 Arrested for Rs 156 Crore Fake Invoice Fraud

Five individuals have been arrested in connection with a massive Goods and Services Tax (GST) scam involving the generation of fake invoices valued at ₹156 crore. The accused allegedly used these fictitious invoices to fraudulently claim input tax credit (ITC), a mechanism that allows businesses to offset taxes paid on inputs against their output tax liability. This operation exposed a large-scale fraud network designed to illegally siphon funds from the exchequer. The arrests underscore the authorities' intensified efforts to combat GST fraud and protect government revenue from illicit activities, ensuring compliance and fairness in the tax system.