The Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, has detected a fake Input Tax Credit (ITC) network, unearthing irregular ITC of ₹27.07 crore, and has arrested the key accused.
The investigation so far has quantified total fraudulent ITC availed at ₹27.07 crore and ITC passed on at ₹15.30 crore. On the basis of material gathered during investigations, including statements recorded, Mallikarjuna Manoj Kumar was identified as the controller/operator of the said network. He admitted that transactions were carried as per his directions, and that the entities functioned solely for passing on ITC, without real business operations or actual supply, said Swethaa Suresh, Deputy Director, DGGI, Vizag.
The accused has been booked under various sections. This marks the fourth arrest made by the DGGI, Visakhapatnam Zonal Unit, in the current financial year, underscoring its sustained and focussed enforcement against GST evasion and fake ITC frauds.
