- An inter-state racket generating fake GST invoices was busted in Chennai, involving at least 12 entities and confirmed tax evasion of ₹50.85 crore.
- The prime suspect, who ran an unregistered tax consultancy firm (M/s A.S. Associates), was arrested.
- The accused used fake Aadhaar cards, opened 93 bank accounts for fictitious companies, and issued bogus GST invoices to fraudulently claim Input Tax Credit.
- The scam’s total GST evasion could exceed ₹350 crore, with benefits passed to companies in Tamil Nadu and Karnataka.
- Authorities seized mobile phones, fake rubber stamps, and other materials; investigations are ongoing to identify more gang members and involved companies.
Source: thehindu.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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