<h1>Fake invoice syndicate dismantled, leading to arrests, ITC reversal and freezing of firms' bank accounts.</h1> DGGI investigations revealed a syndicate issuing fake invoices through cloud hosted tally data maintained remotely, operating hundreds of shell firms and creating significant Input Tax Credit implications; searches recovered electronic devices, accounting records and instruments, ITC was reversed to deposit GST, bank accounts were frozen and the alleged mastermind arrested, with further investigation ongoing.