DGGI Uncovers Rs 593 Crore Fake Invoice Racket; Mastermind Arrested in Bengaluru

The Directorate General of GST Intelligence (DGGI) Belagavi unit uncovered a Rs 593 crore fake invoice racket involving fraudulent Input Tax Credit (ITC) claims worth nearly Rs 235 crore. Investigations revealed a network using multiple GST registrations and shell entities to issue fake invoices and e-way bills without actual goods or services. Mohammad Saifullah, a registered GST practitioner and alleged mastermind, was arrested in Bengaluru on February 24 under the CGST Act after admitting involvement in the scheme.