₹410 crore fake invoice racket busted in Bengaluru; multi-state GST fraud under scanner
The Commercial Taxes Department in Bengaluru has uncovered a large-scale fake invoicing network involving alleged tax evasion of ₹410 crore. The accused, Tauqeer alias Mohammed, has been arrested, and investigations are underway to identify other individuals and entities linked to the network.
The Commercial Taxes Department in Bengaluru has busted a large-scale fake invoicing network involving alleged tax evasion of ₹410 crore. The accused, Tauqeer alias Mohammed, masterminded a network of shell entities across Karnataka, Andhra Pradesh, and Tamil Nadu, creating fraudulent invoices without actual goods supply. The racket enabled input tax credit (ITC) claims, causing substantial losses to the government. The total tax evasion detected so far stands at ₹410 crore, with ₹102.5 crore pertaining to fraudulent ITC claims. Authorities are expanding the investigation to identify linked entities and downstream beneficiaries. The case highlights the misuse of the ITC mechanism through fictitious transactions and the need for enhanced compliance monitoring.
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