DGGI busts Rs 2,150 crore fake ITC-export refund scam; 3 masterminds arrested, Rs 17 crore fraud unearthed in Andaman & Nicobar
The Directorate General of GST Intelligence has busted a nationwide syndicate involved in generating fake Input Tax Credit worth Rs 2,150 crore. The group allegedly created shell companies and fraudulently claimed export refunds totaling Rs 17 crore by exploiting GST provisions. Three masterminds have been arrested in connection with the elaborate scheme.
The Directorate General of GST Intelligence has busted a nationwide syndicate involved in generating fake Input Tax Credit worth Rs 2,150 crore. The group allegedly created shell companies and fraudulently claimed export refunds totaling Rs 17 crore by exploiting GST provisions. Three masterminds have been arrested in connection with the elaborate scheme.
