GST intelligence unearths ₹1,800 crore tax credit fraud
Mint·3h ago·Neutral
What Happened
India's Directorate General of GST Intelligence uncovered an input tax credit fraud worth ₹1,825 crore involving a well-structured network of dummy firms. Officials arrested the mastermind at New Delhi airport upon arrival from Dubai. The scheme used fake invoices to fraudulently claim tax credits subsequently encashed through export refund claims.
Key Entities
Directorate General of GST Intelligence (DGGI)New Delhi airportDubai₹1,825 croreInput Tax Credit (ITC) fraudFinance Ministry