DGGI arrests man for issuing fake invoices worth ₹97.8 crore

Coimbatore: The Directorate General of Goods and Services Tax Intelligence (DGGI), Coimbatore zone, on Friday arrested the mastermind of a gang involved in issuing fake invoices worth ₹97.8 crore with fake input tax credit (ITC) of ₹13 crore by four companies.
The officers of the DGGI on Thursday searched the residence and office of the mastermind and a few companies based on the intelligence that they were indulging in availing and passing on fake input tax credits without actual supply or receipt of goods.
The officers seized printed weighbridge data, weighbridge software without any weigh bridge, and multiple phones meant for receiving OTPs related to GST returns and e-way bills. A computer containing various incriminating documents was also seized.
The mastermind has issued the fake invoices to a manufacturer of TMT bars to avail fake ITC, which has resulted in the loss of revenue of multiple crores to the government’s exchequer.
On confronting with evidence seized during the search, the mastermind admitted to the offences.
The mastermind was remanded in judicial custody for 14 days.