DGGI Busts Rs. 500 Crore GST Fraud Racket in Guwahati; Four Individuals Arrested

The Directorate General of GST Intelligence (DGGI) in the Guwahati Zonal Unit on Monday has uncovered an enormous Goods and Services Tax (GST) fraud worth approximately Rs 500 crore and four people were arrested. The four people were in connection with the pan-India fake billing syndicate.

The racket was being handled from various locations in the city’s Beltola area. The four arrested have been recognised as Gaurav Agarwal, Deepak Agarwal, Vinod Agarwal and Guddu Singh.

DGGI said that the racket was running a nationwide fraud billing with strong links to illegal coke plants in Meghalaya and Arunachal Pradesh and expanding its network over Assam, West Bengal and Delhi.

Investigation was conducted and as a result, the investigator revealed that the accused created shell companies and generated fake invoices to evade GST and launder illegal profits.

Further after investigation, DGGI teams carried out raids at the same time at nearly ten locations across Beltola. Accused residences and offices were hunted; consequently, they found the recovery of crucial documents and some digital evidence as well.

While investigating, a raid is still in process at Shangrila Towers, which is one of Guwahati’s upscale residential complexes. The Officials estimate the fraud at around Rs 500 crore (the amount may increase depending upon the investigation).

DGGI’s one of the senior officials said that This is one of the biggest GST evasion cases identified in the region.

Investigation is still underway, and investigators are now interrogating them to expose the wider chain and trace the money behind the scam. Also, the four accused (Gaurav Agarwal, Deepak Agarwal, Vinod Agarwal and Guddu Singh) been booked under relevant provisions of the GST Act.