The Directorate General of Goods and Services Tax Intelligence (DGGI) Gurugram has made a significant breakthrough by uncovering a fake Input Tax Credit (ITC) racket valued at Rs 863 crore. This fraudulent scheme involved the creation of fake invoices to claim ITC unlawfully. As a result of diligent investigation, two individuals have been apprehended in connection with the case.
The DGGI officials received credible information regarding a group of individuals who were engaged in deceitfully claiming ITC through the fabrication of invoices. Acting promptly, the officials conducted a raid at a discreet office located in Gurugram, where they seized compelling evidence, including laptops, hard disks, and mobile phones.
According to the officials, the accused masterminds behind this racket had generated fictitious invoices for goods and services that were never actually supplied. These fraudulent invoices were then utilized to claim ITC from the government, resulting in an unlawful sum of Rs 863 crore.
The arrested individuals, Sandeep Kumar and Rahul Singh, are currently being interrogated to unravel further details about the intricate workings of the racket.
The DGGI officials have strongly emphasized their commitment to taking strict action against anyone involved in fraudulent activities associated with ITC. They have also urged taxpayers to remain vigilant and promptly report any suspicious activities to the relevant authorities.
