https://www.taxtmi.com/news?id=26624 DGGI, Jaipur disrupted an interstate syndicate operating 569 fake GST-registered firms that issued fraudulent input tax credit through fabricated invoices to over 2,000 beneficiary firms. The syndicate used brokers to register firms on GSTN with vulnerable persons' identities, procure bank accounts and SIM cards, and manage transfers; 73 bank accounts were attached. The alleged mastermind was arrested after data-analytic investigation and remanded to judicial custody. The action forms part of sustained enforcement by the Jaipur unit against fake ITC syndicates, with ongoing prosecutions and revenue recovery efforts. en-us Tue, 27 Jun 2023 09:35:36 +0530 Tue, 27 Jun 2023 09:35:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26624 DGGI, Jaipur disrupted an interstate syndicate operating 569 fake GST-registered firms that issued fraudulent input tax credit through fabricated invoices to over 2,000 beneficiary firms. The syndicate used brokers to register firms on GSTN with vulnerable persons' identities, procure bank accounts and SIM cards, and manage transfers; 73 bank accounts were attached. The alleged mastermind was arrested after data-analytic investigation and remanded to judicial custody. The action forms part of sustained enforcement by the Jaipur unit against fake ITC syndicates, with ongoing prosecutions and revenue recovery efforts. News - Tue, 27 Jun 2023 09:35:36 +0530 https://www.taxtmi.com/news?id=26624