Massive fake invoice racket busted by DGGI, Nagpur Zonal Unit in the first week of March 2021 – Fraudulent transactions of app. 500 Crores by 18 non-existent firms based in Jalgaon, Mumbai and Pune detected – Main Mastermind located and arrested
GST
Dated:- 9-3-2021
As a part of the ongoing drive against fake invoices, multiple searches were conducted by the officers of DGGI, Nashik Regional Unit of Nagpur Zonal Unit at a number of business premises and residential premises across Maharashtra.
During the investigations, a number of entities which had obtained GST Registrations were found to be non-existent and it was observed that they had been floated exclusively for the purpose of engaging in fake GST transactions. The
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nts could be resumed.
Further interrogation of the mastermind revealed that apart from one fake firm of which the mastermind himself was the Proprietor, there were 17 other fake entities floated by him by obtaining GST registrations at Mumbai, Pune and Jalgaon.
These 18 fake firms were found to have engaged in fake transactions of almost ₹ 500 Crore without supply or receipt of any goods or services and had availed fraudulent Input Tax Credit of app. ₹ 46.50 Crores.
For causing to commit and retaining the benefits arising out of offences specified under clause (b) and (c) of sub-Section (1) of Section 132 of the CGST Act, 2017 by way of setting up 18 fake and non-existent firms, including his own firm where he was the Proprie
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