look news india
Bengaluru: The GST Directorate General (DGGI) in Bengaluru has busted the GST scam of Rs 3200 crore and arrested two people in this connection.
Third suspect of scam still absconding: more than 30 locations raided in Bangalore and Mumbai
DGGI Bangalore Additional Director General Sucheta Sreejesh said in a statement that the third suspect of the scam is still absconding.
DGGI’s Bengaluru zonal unit raided more than 30 places in Bangalore and Mumbai. The accused formed fake companies. On the basis of this, input tax credit of Rs 665 crore was taken wrong.
The total price of fake bills in this scam is more than Rs 3200 crore. During the investigation, 15 fake companies were found which were not actually doing any business.
These companies used to get FMCG items worth crores of rupees but only issued bills for services like IT support, management consultation and advertising.
Any of these companies did not have outward e-way bills against a large number of arrival e-way bills. According to officials, 9 of these companies were listed on the Indian Stock Exchange.
Investigations revealed that GST returns of most of these companies were filed by the same IP address. Which shows that all these companies were operated by the same accused.