Chandigarh, May 3 -- The Directorate General of GST Intelligence (DGGI), Ludhiana, has found that six business entities based in Mandi Gobindgarh, in the Fatehgarh Sahib district of Punjab, were involved in the illegal sale of Rs 647.4 crore, leading to GST evasion of Rs 116.5 crore.

According to a Finance Ministry release, the names of the business entities are Bharat Steel Industry, Ramji Concast, AKM Alloys, KTB Alloys, Shree Salasar Balaji Steel Tubes and Shree Salasar Steel Tubes and Co. They were involved in manufacturing of billets and trading of pipes.

The investigation by DGGI Ludhiana unearthed and seized many pieces of incriminating evidence against these entities.

"These were further corroborated in the voluntary statements...