https://www.taxtmi.com/news?id=49156 Investigation by the Directorate General of GST Intelligence Bengaluru unit uncovered a network of six shell entities that issued and used fabricated invoices to claim and pass on fraudulent Input Tax Credit, with original invoices and seals recovered at the mastermind's premises. A chartered accountant/statutory auditor functioned as director in some entities, linking the structure and transactions; searches were conducted, and the key mastermind has been arrested. The unit has shared intelligence with securities regulators to address related risks to investors. en-us Fri, 11 Jul 2025 18:43:04 +0530 Fri, 11 Jul 2025 18:43:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49156 Investigation by the Directorate General of GST Intelligence Bengaluru unit uncovered a network of six shell entities that issued and used fabricated invoices to claim and pass on fraudulent Input Tax Credit, with original invoices and seals recovered at the mastermind's premises. A chartered accountant/statutory auditor functioned as director in some entities, linking the structure and transactions; searches were conducted, and the key mastermind has been arrested. The unit has shared intelligence with securities regulators to address related risks to investors. News - Fri, 11 Jul 2025 18:43:04 +0530 https://www.taxtmi.com/news?id=49156