DGGI Ngp busts fake invoice racket, arrests 6 persons
   Date :27-Mar-2021

DGGI_1  H x W:
THE Directorate General of GST Intelligence (DGGI), Nagpur has busted a fake invoice racket in Maharashtra involving 15 entities who availed fraudulent Input Tax Credit (ITC) of Rs 282.34 crore and has arrested six persons in the case.
As part of the ongoing drive against fake invoices, multiple searches were conducted in the last 3-4 days by the officers of DGGI, Nagpur Zonal Unit across Maharashtra to target 15 entities operating in Nashik, Palghar - Thane sector, a DGGI release said. DGGI informed that the analysis of documents revealed that these 15 fake entities had engaged in fictitious transactions of over Rs 3,000 crore on the inward as well as outward legs.
Further, these 15 entities had themselves availed fraudulent Input Tax Credit (ITC) of Rs 282.34 crore and had passed on this fraudulent ITC to other entities. In these fictitious transactions, these 15 entities had deceptively shown goods like organic chemicals, paints/ varnishes, boards/ panels, lab chemicals and sulphuric acid.
During the searches at a number of hideouts, six persons, who were either proprietors or partners of these fictitious
entities have been traced and apprehended so far in the last 3 to 4 days.
“All these persons have confessed to their crimes during sustained interrogation. In view of the grave cognizable/ non
bailable offences committed by these persons, all six persons were arrested on the basis of arrest authorisations issued by the Additional Director General, DGGI, Nagpur Zonal Unit,”
DGGI said. It further said that all the six persons have been sent to judicial custody for 14 days.