Amaravati, March 26 The Directorate General of Goods and Services Tax Intelligence (DGGI) has arrested two individuals linked to a large-scale fake Input Tax Credit (ITC) racket as part of an intensified crackdown on organized GST evasion.
The arrests were made by DGGI's Visakhapatnam Zonal Unit in Hyderabad, based on specific intelligence developed through data analytics and inter-agency collaboration, targeting interstate fraud networks.
"Two individuals involved in a fake ITC racket of approximately Rs 177 crore have been arrested under the provisions of the CGST Act, 2017," stated an official press release from DGGI on Wednesday.
The accused were identified as Siddagone Prabhaker and Ramavath Nagaraju Naik, who were allegedly operating 66 shell proprietorship firms as part of an organized GST evasion network.
The enforcement action aims to dismantle large-scale interstate organized fraud structures and maintain sustained pressure on tax evasion syndicates, the release noted.
Another alleged mastermind, Aadi Reddy alias Anji Reddy, is currently at large, the release added.