DGGI busts fake bill racket in Nagpur

Nagpur, Jun 11 (PTI) The Directorate General of GST Intelligence (DGGI) has arrested a person supplying fake bills and unearthed fake transactions worth around Rs 55 crore. An official gave this information on Friday.

The Nagpur zone unit of DGI said in a release on Friday that it has been exposed after several raids in the premises of a major producer of iron and steel sector and its supplier (racket). This racket is related to fraud of Rs 11.09 crore of Input Tax Credit (ITC).

The official said that the producer was receiving ITC fraudulently on the basis of fake bills from the supplier. The investigation of this racket is going on and during this time a big disclosure of fake transactions can be done.


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