GST officials unearth fake ITC invoices worth Rs 491 crore

Jan 28 (PTI) The Goods and Services Tax (GST) authorities have arrested a person for running several fake firms and fraudulently issuing input tax credit challans worth Rs 491 crore.

The Gurugram Zonal Unit (GZU) of the Directorate General of GST Intelligence (DGGI) searched the premises of the person who was providing cloud storage facilities to various individuals across India, the Finance Ministry said in a statement on Friday.

“The verification of the data contained in this hard disk being provided by the cloud storage facility revealed the identity of the main operator. It was being rigged through 93 fake firms,” ​​the finance ministry said.