Chandigarh, May 3 -- The Directorate General of GST Intelligence (DGGI), Ludhiana has uncovered a tax evasion case involving six business entities operating in Mandi Gobindgarh, Fatehgarh Sahib district, Punjab. The firms were engaged in transactions worth Rs 647.4 crore, leading to GST evasion amounting to Rs 116.5 crore.

"The Directorate General of GST Intelligence (DGGI), Ludhiana has found that six business entities based in Mandi Gobindgarh, in Fatehgarh Sahib district of Punjab, were involved in illegal sale of Rs 647.4 crore, leading to GST evasion of Rs 116.5 crore," a release from Ministry of Finance read.

The names of the business entities are M/s Bharat Steel Industry, M/s Ramji Concast, M/s AKM Alloys, M/s KTB Alloys, M/s Sh...