Massive GST fraud worth crores unearthed; one nabbed in Raipur

The Directorate General of Goods & Service Tax Intelligence (DGGI), Raipur Zonal Unit (RZU) unearthed a network of GST Fraud involving fictitious transactions of steel goods by way of issuance of fake invoices generated by trading firms whose existence were only on papers. The promoters have been remanded on judicial custody. The non-existent eight firms had purportedly transacted steel goods between them to the tune of Rs 400 crore involving GST of Rs 60 crore during the period from March 2018 to October 2019. The intelligence has arrested rakash Bihari Lal Dadhichi, the promoter and one of the Directors of M/s. Dadhichi Iron and Steel Pvt. Ltd, Rajgangpur, Distt. Sundargarh, Odisha who has created this chain of fake firms.

https://www.thehitavada.com/Encyc/2020/2/5/Massive-GST-fraud-worth-crores-unearthed-one-nabbed-in-Raipur.html