The Nagpur zonal unit of the Directorate General of GST Intelligence (DGGI) has arrested four persons for allegedly creating fake business entities and availing fraudulent input tax credit of 10.79 crore, an official said on Thursday.
As a part of the ongoing drive against fake invoices and non-existent entities, officials of the Nagpur zonal unit conducted mul tiple searches in and around Nagpur, a release issued by the DGGI stated.
The agency had received tip-offs about four entities, which were non-existent at the declared addresses and had uploaded forged docu ments as proof of busi ness, he said. All four enti ties had uploaded the same set of forged documents and had taken GST regis tration on the same addresses, which indicated that they were fake, the official said.
“An analysis of docu ments revealed that these fake entities had engaged in fictitious transactions of over 253.95 crore, availed fraudulent input tax credit (ITC) of 10.79 crore, and had passed on this fraudu lent ITC to other entities.
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