NAGPUR: The Directorate Common of GST Intelligence (DGGI) has arrested a supplier of faux invoices and detected fraudulent transactions of Rs 55 crore, an official mentioned on Friday.
After a sequence of searches on the premises of a outstanding producer within the iron and metal sector in addition to its suppliers, the racket, which concerned fraudulent Input Tax Credit (ITC) of Rs 11.09 crore, was busted, the Nagpur zonal unit of DGGI mentioned in a launch on Friday.
“The producer was availing fraudulent ITC on the energy of faux invoices from its suppliers with out receipt of any items. As a part of the probe, lorry receipts, GR notes, weighment slips, automobile particulars have been checked, and it was discovered that a number of passenger automobiles have been proven as heavy good automobiles. The proprietor of the principle provider of invoices was arrested on June 10,” an official mentioned.
Additional probe into the racket was underway and an enormous nexus of faux transactions are more likely to be revealed, he added.

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