<h1>GST Intelligence Uncovers Rs 160 Crore ITC Fraud via Fake Firms; Merchant Deposits Rs 5 Crore, Investigation Ongoing.</h1> The Directorate General of GST Intelligence in Gurugram has uncovered a fraudulent scheme involving over Rs 160 crore in Input Tax Credit (ITC) through a network of 10 fake firms. A merchant, an importer and wholesale trader of dry fruits, availed IGST ITC on imports but issued invoices to non-existent firms while selling goods in the open market. These fake firms further issued invoices without actual goods to pass on ITC fraudulently. One individual, linked to these activities, was arrested and placed in judicial custody. The merchant has deposited Rs 5 crore, and investigations are ongoing.