https://www.taxtmi.com/news?id=31888 The DGGI Bengaluru unit uncovered a large scale GST fraud involving fabricated invoices and fraudulent availing and passing of Input Tax Credit, with fake invoices totaling a multi hundred crore value and fake ITC identified separately. Investigators found at least fifteen non operational companies engaged in circular trading to inflate turnover, several listed on stock exchanges to facilitate share price manipulation and exit, common IP addresses used for filing GST returns, and original documents recovered across multiple premises; two suspects have been arrested and one remains at large. en-us Wed, 29 Jan 2025 19:16:03 +0530 Wed, 29 Jan 2025 19:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31888 The DGGI Bengaluru unit uncovered a large scale GST fraud involving fabricated invoices and fraudulent availing and passing of Input Tax Credit, with fake invoices totaling a multi hundred crore value and fake ITC identified separately. Investigators found at least fifteen non operational companies engaged in circular trading to inflate turnover, several listed on stock exchanges to facilitate share price manipulation and exit, common IP addresses used for filing GST returns, and original documents recovered across multiple premises; two suspects have been arrested and one remains at large. News - Wed, 29 Jan 2025 19:16:03 +0530 https://www.taxtmi.com/news?id=31888