The Bengaluru Zonal Unit of the Directorate General of Goods and Services Tax (GST) Intelligence has unearthed GST evasion scam of Rs.200Crore. Four people have been arrested who raised fake invoices of Rs 1,000 crore and GST evasion of around Rs 200 crore for several MNCs, including Chinese firms. They have floated companies in the name of poor people. Mishra informed that he used to “sell products for high profits in his fictional firms and projected a huge turnover” to obtain loans from banks.
