Enforcement Directorate Conducts Multi-State Raids in Rs 658 Crore Fake GST ITC Case

The Enforcement Directorate (ED) is conducting multi-state raids linked to an alleged fake GST input tax credit (ITC) fraud totaling Rs 658 crore, originating in Arunachal Pradesh. The investigation targets individuals and companies in Jharkhand, West Bengal, and Manipur, including a non-existent firm, Siddhi Vinayak Trade Merchants, and 58 shell entities. The case involves claims of fraudulent ITC through fake invoices without actual goods or services, under the Prevention of Money Laundering Act.