Rs 1,481 crore fake GST invoicing racket busted ...Middle East

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Rs 1,481 crore fake GST invoicing racket busted
New Delhi: The Directorate General of Goods and Services Tax Intelligence (DGGI), Meerut Zonal Unit, has busted a large-scale racket involving fake invoicing to the tune of a whopping Rs 1,481 crore, resulting in passing on of fraudulent input tax credit to the tune of Rs 275 crore. As many as 102 fake firms were created to rake in the money through 1,000 front companies. “Through meticulous data mining, the DGGI Meerut Zonal Unit has successfully dismantled a major syndicate operated by four masterminds,” the Finance Ministry said on late on Monday evening. One of them, working in a placement consultancy firm, was responsible for arranging PAN, Aadhaar, electricity bill, address proof, and

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