Latest news with #ZonalUnit
Indian Express
3 days ago
- Business
- Indian Express
DGGI Chandigarh busts Rs 30-cr fake ITC scam; mastermind held
The Directorate General of GST Intelligence (DGGI), Chandigarh Zonal Unit, has unearthed a major fake Input Tax Credit (ITC) racket involving bogus invoices and non-existent supplies. The alleged mastermind, Manmohan Singh, has been arrested and remanded in judicial custody. Officials said the racket revolved around several shell firms — M/s JHA and JHA Enterprises, M/s Goyal Trading Agency, M/s MAA Vaishno Enterprises, M/s SS Enterprises, M/s PC Techno Solutions, and M/s PMI Smelting Private Limited — which were primarily issuing fake invoices for zinc products. The estimated quantum of fraudulent ITC is currently pegged at Rs 30.21 crore and is likely to increase as the investigation progresses. Preliminary findings revealed that Manmohan Singh not only floated these bogus entities but also orchestrated the issuance of fake invoices to generate and avail ineligible ITC. He is also alleged to have coordinated banking transactions and cash movements in exchange for commissions, in collusion with other individuals who are now under the scanner. Given the scale of the fraud and the possibility of evidence tampering, Singh was sent to judicial custody. In a statement, the agency said the case underscores the department's commitment to tackling tax evasion and maintaining the integrity of the Goods and Services Tax (GST) system. 'Fraudulent ITC claims through fictitious invoicing not only distort market competition by disadvantaging genuine taxpayers but also result in significant revenue loss to the exchequer,' the DGGI said. Officials warned that such activities undermine the transparency and equity of the GST regime, affecting the government's ability to fund public welfare schemes, infrastructure, and development initiatives. The DGGI added that it is intensifying enforcement through technological surveillance and strategic intelligence gathering to detect and deter such frauds. Inter-agency collaboration and public awareness are also being emphasised as key tools in combating economic offenses. Further investigation is underway, and more arrests and recoveries are expected.
Deccan Herald
14-05-2025
- Deccan Herald
Drugs worth Rs 10 crore seized in Pune, Mumbai; three arrested
Pune: The Directorate of Revenue Intelligence (DRI) has seized narcotic drugs including hashish worth around Rs 10.3 crore at the Pune airport and in Mumbai, officials said on on a tip-off, DRI's Mumbai Zonal Unit intercepted two passengers when they landed in Pune from Bangkok on interstate drug peddlers arrested in Delhi, marijuana worth Rs 1 crore pouches of 9.86 kg of hydroponic weed, a form of marijuana, was recovered from their baggage, a DRI release a follow-up operation in Mumbai, a man who was to receive the drugs was arrested. The search at his premises led to the recovery of 478 gm of narcotic substances, including hashish and hydroponic weed, it three persons -- their identities not disclosed -- were arrested under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, the DRI said.
