Archive · 31 May 2025
DGGI Busts Rs 30 Crore Fake ITC Network, Mastermind Arrested
Some people were making fake invoices to cheat the government out of taxes.
They were pretending to sell things, like zinc products, but not actually providing anything.
The Directorate General of GST Intelligence (DGGI) caught them, estimating the fraud at over 30 crore rupees.
The main person behind this, Manmohan Singh, has been arrested.
This kind of fraud hurts everyone because it takes away money that could be used for important things.
The DGGI is trying to stop this kind of cheating to keep the tax system fair.
The DGGI busted a network involved in generating fraudulent input tax credit (ITC).
The estimated fraudulent ITC is approximately Rs 30.21 crore.
The scheme involved issuing fake invoices without actual supply of goods.
Manmohan Singh, the alleged mastermind, has been arrested.
The DGGI is committed to checking tax evasion and preserving GST integrity.
- Who
- Directorate General of GST Intelligence (DGGI), Manmohan Singh, and multiple bogus firms.
- What
- DGGI busted a network generating fraudulent input tax credit through fake invoices.
- When
- The bust occurred recently; the investigation is ongoing.
- Where
- Chandigarh, with operations involving firms in other locations, including Ludhiana.
- Why
- To evade taxes and cause significant revenue loss to the government.
Perpetrators' View
Government View
Motivation
Perpetrators' View
Illegally generating Input Tax Credit (ITC) to avoid paying taxes, thereby increasing profit margins.
Government View
Protecting tax revenue and ensuring fair market competition.
- Fraudulent ITC
- Rs 30.21 crore (estimated)
- Alleged Mastermind
- Manmohan Singh
- Entities Involved
- Multiple firms, including a smelting firm
- Nature of Fraud
- Generating invoices without actual goods supply
- DGGI Unit
- Chandigarh Zonal Unit
- Manmohan Singh's Status
- Judicial Custody