The Directorate General of GST Intelligence (DGGI) has unearthed a Rs 338 crore fake invoicing racket in which fake input tax credit involving Rs 28.97 crore of Goods and Services Tax was generated, officials said on Thursday.
According to the officials, two accused persons — a trader and a tax consultant — were arrested on Tuesday for violation of different provisions of the GST Act. They were produced before the Chief Judicial Magistrate’s court, which remanded them to 14 days’ judicial custody.
Additional Director General (GST Intelligence, Guwahati Zonal Unit), L.S. Gangte, said that the duo was arrested as they were involved in a racket of receiving and issuing fake invoices for coal.
“The firm of a trader showed purchase of coal from Gujarat, Punjab and Delhi to his Guwahati unit to avail input tax credit (ITC). The unit subsequently issued invoices to cement and coke manufacturers, and other traders in the northeast without the supply of any goods.
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