Chennai GST Racket Busted; Suspect Arrested for Fake Invoicing
Chennai authorities have busted an inter-state racket involved in fake GST invoicing, leading to the arrest of the prime suspect. According to the GST Commissioner (North), the individual was operating an unregistered tax consultancy firm, M/s A.S. Associates, from the city. The investigation revealed that the racket was generating bogus invoices to evade tax liabilities and facilitate fraudulent claims across multiple states.
Officials said the suspect was collaborating with several businesses to create fake bills, resulting in substantial financial loss to the exchequer. The GST department conducted raids at multiple locations, seizing documents and digital records critical to the investigation. Authorities emphasized that such networks are detrimental to legitimate businesses and tax compliance.
The arrested individual has been booked under relevant provisions of the Goods and Services Tax Act, and further investigations are underway to identify other participants in the racket. The department urged businesses to verify invoicing details to avoid unwitting involvement in fraudulent schemes.
