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Global Business / The Economic Times

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DGGI uncovers 593-crore fake invoice racket; mastermind held in Bengaluru

Officials have uncovered a massive Rs 593 crore fake invoice scam. The Directorate General of GST Intelligence arrested the alleged mastermind in Bengaluru. The syndicate issued invoices without supplying goods or services. This facilitated fraudulent claims of Input Tax Credit. Investigations are ongoing to identify more beneficiaries and the full extent of the fraud.

27 Feb 2026 8:29 pm