Categories: Economy

GST officials nab conman in Rs 491 crore input tax credit fraud

<p>
The Directorate General of GST Intelligence (DGGI), has busted a racket in which a conman created a string of 93 fake firms to fraudulently claim input tax credit (ITC) from the government to the tune of Rs 491 crore.</p>
<p>
DGGI officials of the Gurugram unit in National Capital Region got specific inputs from their counterparts in the Jaipur Zonal unit that a person was providing cloud storage facility to various persons across India, for carrying out their work from remote locations and storing data. The Hard Disk was then recovered from the cloud service provider and scrutinized. The identity of the culprit was traced through the data contained in the Hard Disk, and it was found that he was running a nexus of 93 fake firms.</p>
<p>
Searches conducted by the Gurugram unit of DGGI on January 18 showed that various firms did not exist at their given addresses. The key operative who was actively using the cloud storage service and running the firms was arrested from Hansi in Haryana.</p>
<p>
The culprit has been sent to 14 days of judicial custody by the Magistrate and further investigation in the case is underway.</p>

AddThis Website Tools
IN Bureau

Recent Posts

“Pakistani military targets engaged by air-launched precision weapons,” Col Qureshi outlines India’s response to Pak aggression

In a decisive response to Pakistan's aggressive actions along the western border and Line of…

8 minutes ago

Pakistan army moving troops towards forward areas: Wing Commander Vyomika Singh

After targeting several locations and civilians in different areas in India, the Pakistan Army is…

14 minutes ago

“Pakistani claims continue to be heavy on lies, misinformation, propaganda,” FS slams Pakistan’s misinformation campaign

During the special briefing on Operation Sindoor, Foreign Secretary Vikram Misri told the media that…

20 minutes ago

India targets at least 4 Pakistani airbases amid escalating tensions: Sources

At least four airbases in Pakistan were hit by Indian strikes in the early hours…

5 hours ago

India hits back hard after Pakistan targets 26 locations; LoC tensions escalate

In an immediate response to Pakistan's attack on 26 Indian locations on Saturday, India launched…

5 hours ago

Delhi airport resumes normal operations, issues travel advisory

Delhi's Indira Gandhi International Airport resumed normal operations in the early hours of Saturday and…

5 hours ago