India, Oct. 10 -- A Jamnagar-based chartered accountant was booked for his alleged involvement in running a bogus billing racket of Rs.560 crore involving fraudulent Input Tax Credit (ITC) claims of Rs.112 crore through 14 non-genuine taxpayer firms, the Gujarat State Goods and Services Tax (SGST) Department on Thursday said.

Acting on specific intelligence, the department carried out search operations on October 3 at 25 locations across the state, including a private office in Jamnagar, where CA Alkesh Pedhadiya is a partner, and his residence, according to a press release.

Twenty-seven teams drawn from GST offices across Gujarat conducted the searches under the provisions of the Gujarat Goods and Services Tax Act, 2017, the department...