The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur


  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Crime

Multiple Fake Invoice rackets busted by DGGI, Nagpur fraudulent transactions of Rs. 498.50 Crore by 26 Entities busted

by TLN Team January 8, 2021
written by TLN Team January 8, 2021
Multiple Fake Invoice rackets busted by DGGI, Nagpur fraudulent transactions of Rs. 498.50 Crore by 26 Entities busted

As part of the ongoing Drive against Fake invoices, multiple searches were conducted by officers of DGGI, Nagpur Zonal Unit at a number of places covering diverse Industrial Sectors across Maharashtra during the last fortnight.

During the investigations, it was observed that the entities covered were trading in a wide variety of taxable goods ranging from Supari and Coal to Textile articles and Iron and Steel products. A large number of entities were found to be non-existent or non-business residential properties and these entities had uploaded fake and forged documents like Electricity Bills and Rental Agreements on the GST portal as proof of business addresses.

Regarding the entities which were found to be functioning, the interrogation of the authorized persons confirmed the fraudulent practices adopted by these entities in availing Input Tax Credit without receipt of any goods.  Out of the total fake Input Tax Credit of Rs. 89.73 Crore availed on fictitious paper transactions of Rs. 498.50 Crore, an amount of Rs. 12.78 Crore has already been recovered on the spot.

Further, one person has been arrested yesterday whose interrogation is expected to give further leads in the Fake Invoice rackets.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Soharya Bhad received cheque of Rs  51000 from  Vijay Wadettiwar
next post
Sigh of Relief, New Strain of COVID-19 not yet found in City

You may also like

Man duped women judge of Rs 2 lakh...

May 19, 2022

Chief Commissioner of GST suspended

May 18, 2022

Interstate sex racket busted in city, two women...

May 13, 2022

Online cricket betting racket busted

May 7, 2022

CAs booked for fraud in land deal worth...

April 29, 2022

Beggars stab man after he deny giving money...

April 26, 2022

Women duped of Rs 22 lakh over fake...

April 25, 2022

Two Puppies charred to death in Nagpur

April 23, 2022

Sitabuldi police bust sex racket at Glow Spa

April 23, 2022

Rahul Deepak Buty booked over extortion and outraging...

April 15, 2022

Trending News

  • RTMNU exam in MCQ format off-line mode

    May 20, 2022
  • Umran Malik becomes youngest bowler to take 20 wickets in an IPL

    May 19, 2022
  • Mini MBA course in just one rupee, know how

    May 17, 2022
  • Know how to block spam calls on iPhone

    May 16, 2022
  • India reeling under 50°Celsius is a matter of concern

    May 16, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

January 2021
M T W T F S S
« Dec   Feb »
 123
45678910
11121314151617
18192021222324
25262728293031

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.