Ludhiana, Dec. 25 -- The Central GST (CGST) Commissionerate, Ludhiana, has unearthed a Goods and Services Tax evasion worth Rs.8.8 crore involving a metal scrap aggregation firm operating out of Dera Bassi in Punjab. Acting on specific intelligence, CGST officials arrested a partner of the firm for allegedly orchestrating the fraud through fake invoicing and wrongful availing of Input Tax Credit (ITC).

According to officials, the firm had fraudulently claimed ineligible ITC to offset its GST liability, resulting in a substantial loss to the government exchequer. The accused is alleged to have used a web of dubious transactions to create the appearance of legitimate business activity, while actually siphoning off tax revenue.

As part of ...