India, May 26 -- The Directorate General of Goods and Services Tax Intelligence (DGGI) on Thursday apprehended a Solapur-based lawyer, Sajid Ahmed Sheikh, for allegedly orchestrating a massive fake GST invoice racket worth over Rs.100 crore.
Investigations by the DGGI revealed that Sheikh had set up a complex network of 30 shell companies using counterfeit and fabricated documents. He allegedly used these fake entities to generate fake invoices for non-existent transactions to fraudulently avail of Input Tax Credit (ITC), a senior GST official confirmed. The accused was placed in judicial custody for 14 days and has been lodged in Kalamba Central Jail.
Following intelligence inputs, DGGI officers conducted a raid at Sheikh's office in S...
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